📢 The European Commission Proposes Implementing T+1 in 2027 for All Financial Settlements

📢 The European Commission Proposes Implementing T+1 in 2027 for All Financial Settlements

Based on the ESMA report, the regulator aims to complete the transition to the T+1 settlement cycle by October 11, 2027.

➡️ T+1 will reduce risks, improve settlement efficiency, and strengthen the resilience of the European market.

➡️ The date aligns with the transition of the UK🇬🇧 and Switzerland🇨🇭, avoiding costly delays in cross-border transactions.

➡️ Global alignment: China🇨🇳, India🇮🇳, the U.S.🇺🇸, and Canada🇨🇦 have already implemented T+1, helping to avoid fragmentation and reduce costs.

➡️ Next step: The European Parliament and the Council will debate the proposal.

#news #Europe

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