The EU T+1 Industry Committee readiness survey represents the most complete snapshot to date on European preparedness for T+1, reaching over 1,000 respondents. The results are encouraging, showing high levels of industry engagement, advanced levels of planning and implementation of the necessary changes already underway. The dependency on increased automation was expected but the 75% of the industry believes the transition can be achieved within existing budgets.
EU T+1 Industry Committee readiness survey
A uniquely complete view of T+1
- 77% of firms are actively engaged in preparation, from mapping requirements to fully ready.
- 30% of the industry recommendations have already been implemented.
- 75% of respondents overall do not need additional budget to move to T+1.
- 83% of middle-office respondents do not need additional budget to move to T+1.
- 30-40% of market participants are working through settlement recommendations.
The industry has already been working hard, not just on planning the transition to T+1 but also already implementing the changes needed. CSDs and NCBs are leading the way and engagement with IT vendors for increased automation of settlement processes is also featuring strongly.
Although industry preparations are well underway, there are some areas which present challenges on the road to T+1. 58% of respondents see automation as a core challenge, both their own levels of automation and also that of their ecosystem partners.
62% of CSDs have already completed their implementation plans and the remainder intend to have completed their plans by the end of 2026. This compares to only 30% of CCPs and 17% of exchanges.
