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EMSA to consider all possibilities for shortened settlement – including T0 – following industry feedback

The TRADE

If a decision to move to T+1 is made, it will be necessary to define an appropriate timetable that generates industry momentum and provides clarity to market participants.” ESMA did, however, highlight that the reduction of time available for post-trade processes would be even more acute if the EU was to move to T+0.

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ESMA opens door for T+1 implementation in Europe

The TRADE

The call to evidence asks for stakeholders’ views as well as quantitative evidence “to form a better understanding of the issue and help ESMA produce an assessment of the costs and benefits linked to the potential reduction of the securities settlement cycle in the EU”. With the US making the switch to T+1 in May next year, talk of a similar switch (..)

Trading 69
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Can the Capital Markets Union save Europe from mediocrity?

The TRADE

The recently-published EU competitiveness report, penned by former prime minister of Italy Mario Draghi, is the latest in a long line of research projects that has shone a spotlight on the EU capital markets, reaching a similar conclusion to those gone before it: things need to change. Sounds great, right?