European nationwide competent authorities (NCAs) should wield their supervisory powers – and the earlier the higher – to guarantee a easy transition to next-day (T+1) settlement, says Giovanni Sabatini, head of the European Union’s T+1 Trade Committee, the duty power charged with co-ordinating the transfer. Together with the UK and Switzerland, the EU will shift to the accelerated securities settlement timetable on October 11, 2027.
Sabatini is making the decision to NCAs and the European Securities and
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