Citi gears up for EU T+1 climb
The bank has a dedicated team examining what it needs to do to ensure a successful transition to T+1 in Europe.
“Now we start our ascent from base camp to the peak.”
That is what Giovanni Sabatini, EU T+1 industry committee chair, said at the end of June, after the committee published its roadmap for the region’s transition to a one-day settlement cycle.
Citi, which contributed to the 59-page roadmap, is involved in three of the committee’s technical workstreams: matching, clearing, and operational timetable.
Marcello Topa, director for global market advocacy, policy, and strategy at Citi Investor Services
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