EU task force boss calls on NCAs to wield their powers to meet T+1
Europe’s disparity will add to command hub’s challenge to match US co-ordination feat, says Giovanni Sabatini
European national competent authorities (NCAs) must wield their supervisory powers – and the sooner the better – to assure a smooth transition to next-day (T+1) settlement, says Giovanni Sabatini, head of the European Union’s T+1 Industry Committee, the task force charged with co-ordinating the move. Along with the UK and Switzerland, the EU will shift to the accelerated securities settlement timetable on October 11, 2027.
Sabatini is making the call to NCAs and the European Securities and
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