Euroclear Plans Pan-EU Post-Trade Infrastructure Across 27 Markets

Euroclear has unveiled an ambitious plan to establish a true single market for post-trade services across all 27 EU Member States and asset classes, including equities, fixed income, and funds. This initiative supports the EU's Savings and Investments Union (SIU) by aiming to enhance market efficiency, promote financial stability, foster innovation, and ensure Europe remains a global hub for investors and issuers. Central to the plan is providing a single point of access through Euroclear Bank and its six local central securities depositories (CSDs), with accelerated integration into the European Central Bank's Target2-Securities (T2S) platform to enable both central bank and commercial bank money settlements. Euroclear plans to achieve full commercial bank money access across the EU by 2026 and will invest in infrastructure to support a pan-European system for issuance, trading, and collateral management. The company, which currently handles over half of EU-issued securities and more than 60% of settlement turnover, emphasizes the need for regulatory simplification and increased market competition to fully realize the benefits of this integration. Euroclear's CEO, Valérie Urbain, highlighted that driving market openness, interconnectivity, and user choice are key to more liquid and effective European capital markets.