EU Proposes One-Day Securities Settlement by 2027, New Penalties for Failed Trades, Supports CATL Battery Recycling

The European Union's markets regulator has proposed significant changes to enhance the efficiency of the region's financial markets. One of the key recommendations is to reduce the settlement time for securities transactions from two days to one by late 2027. Additionally, the regulator is advocating for increased penalties for failed trades, aiming to improve compliance and performance in trading activities. These measures come as part of broader efforts to support the EU's exporters, particularly in light of the challenges posed by a new carbon border levy. In related developments, China's CATL is negotiating to establish battery recycling operations in Europe, expanding its presence as it prepares to commence cell production in Hungary.