In a report published on Monday 18 November, the European Securities and Markets Authority (ESMA) recommends shortening the settlement cycle for securities transactions in the EU from two days (T+2) to one day (T+1) by October 2027.
ESMA believes that this transition would improve the efficiency and resilience of post-trading processes, thereby strengthening the integration of European capital markets and supporting the objectives of the Savings and Investments Union (see EUROPE...