Sabatini to act as Independent Industry Chair for EU shift to T+1
17 December 2024 Italy
Image: LinkedIn/Giovanni_Sabatini
Industry representatives from the post-trade sector have selected Giovanni Sabatini as independent industry chair, leading their work to facilitate the migration to T+1 in the EU.
The European Â鶹´«Ã½ and Markets Authority (ESMA) said that Sabatini will play a key role as the link between the industry and the public sector working to shorten the settlement cycle.
Sabatini has years of experience working in securities markets — both in the private and public sectors.
He has served as a member of the European Economic and Social Committee and held roles within the International Organization of Â鶹´«Ã½ Commissions (IOSCO), the European Banking Federation, and the European Central Â鶹´«Ã½ Depositories Association (ECSDA).
As indicated in the ‘ESMA assessment of the shortening of the settlement cycle in the European Union’ report, the European Commission and European Central Bank agreed to put in place specific governance to help the industry coordinate the shift to T+1 in the EU.
The European Â鶹´«Ã½ and Markets Authority (ESMA) said that Sabatini will play a key role as the link between the industry and the public sector working to shorten the settlement cycle.
Sabatini has years of experience working in securities markets — both in the private and public sectors.
He has served as a member of the European Economic and Social Committee and held roles within the International Organization of Â鶹´«Ã½ Commissions (IOSCO), the European Banking Federation, and the European Central Â鶹´«Ã½ Depositories Association (ECSDA).
As indicated in the ‘ESMA assessment of the shortening of the settlement cycle in the European Union’ report, the European Commission and European Central Bank agreed to put in place specific governance to help the industry coordinate the shift to T+1 in the EU.
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