The European Commission is promising to shake up cross-border securities settlement in the EU by cutting settlement timeframes and establishing a common regulatory framework for the region's 30+ central securities depositories.
This has to be a step in the right direction but plenty of scope for revision i suspect. I cant really doubt the benefits of this move but there is much more that needs to be done to create a unified structure for delivery that includes CCPs and treasury
operations of banks. The Post Trade Forum is tackling some of these issues and others in the future debates . Please see the April debate on Finextra Post Trade Forum link or the Post Trade Forum on Linkedin
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