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EU considers T+1 settlement cycle to align with US and other countries

Verena Ross, chair of ESMA.
Verena Ross, chair of ESMA. Photo: ESMA

Speech by Verena Ross on the EU transitioning to a faster securities settlement cycle.

Verena Ross, the chair of the European Securities and Markets Authority (ESMA), delivered a speech at a public hearing regarding the possibility of shortening the settlement cycle in the European Union to T+1, aligning it with the US. This shift would significantly affect how quickly securities are delivered and paid