ECB Executive Board member Piero Cipollone said Europe will move to T+1 settlement on 11 October 2027, cutting the time between trade and settlement from two days to one. He argued the shift is part of a broader modernisation of European financial infrastructure that can reduce risk, require more standardisation and automation, and improve competitiveness. The ECB, together with ESMA and the European Commission, supports market preparations, while T2S already settles substantial volumes on T+1 and T+0 and will adapt night-time settlement processes in June 2027. Cipollone also pointed to distributed ledger technology and tokenisation as ways to potentially simplify the architecture of finance, and said the Eurosystem intends to be part of that transformation.
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Original headline: Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure
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EUR/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 1.11540 |
| Change that session | +0.24% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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