EU contemplating shift to T+1 or T+0 – Cipollone – Central Banking

The European Union (EU) is contemplating shifting in direction of the moment settlement of securities transactions amid the worldwide shift in direction of tokenisation, European Central Financial institution (ECB) board member Piero Cipollone mentioned on February 9. 

Within the first announcement of such a transfer, Cipollone mentioned in a speech that the ECB was “contemplating a shift from T+2 to T+1, and even T+0”, to keep away from mismatches in settlement cycles and hold European markets enticing. This may imply securities transactions being settled one