Preparations for T+1 and the eventual Capital Markets Union will continue to preoccupy Europe’s Central Securities Depositories through 2025. The bigger story, however, will be the use of new technology. Unsurprisingly, leaders within Europe’s CSDs are cautiously optimistic about progress that will be made this year towards the introduction of T+1 settlement, for which the European Securities and Markets Authorities (ESMA) has identified 11 October 2027 as the optimal date.
Anna Kulik, Secretary General of the European Central Securities Depositories Association (ESCDA), notes: “In the immediate future, watch for political approval for changes in the EU CSDR.
European CSDs in 2025 – Asset Servicing Times
