T+2: Catalyst for Change

The transformation of the post-trade landscape in Europe is unprecedented. The advent of Target2–Securities—the pan-European project led by the European Central Bank (ECB) that will provide a single system for settling central bank securities transactions—and the first wave of new requirements stemming from the Central Securities Depository Regulation (CSDR), due to come into force at the start of 2015, will bring about many changes.

For buy-side firms, the initial challenge begins on the first