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Success for EU’s T+1 shift requires focus, consensus, project chief Sabatini says

By Sofia Gerace and Jean Comte ( January 29, 2025, 16:27 GMT | Comment) -- Giovanni Sabatini, a veteran Italian finance expert chosen recently to lead the EU industry committee tasked with driving the switch to one-day securities trade settlement, has hit the ground running. Finding an agreement with all the industry stakeholders impacted won't be easy, given their diverging interests and varying market infrastructures across the EU's 27 states. But Sabatini has a plan, with inclusivity, transparency and focus set as key principles for his taskforce.Leading the EU’s complex upgrade to a faster trade settlement system won't be easy. It helps, then, that the veteran banker newly elected to do so has a plan....

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