France Calls for T+1 Settlement Cycle to Modernize European Stock Markets
Monday, 22 July 2024, 16:06
Overview of the T+1 Settlement Cycle
The Bank of France and the Autorité des Marchés Financiers (AMF) have made a strong call for Europe to transition to a T+1 settlement cycle for stock trades.
Significance of the Change
- Faster Transactions: Reducing settlement time from two business days to one is crucial for enhancing trading efficiency.
- Increased Competitiveness: The proposed change aims to position European stock markets more competitively against Wall Street.
- Market Improvement: A well-coordinated transition is essential for smooth implementation across the EU.
The call for change reflects a broader trend within the financial sector towards faster and more efficient market operations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.