Mike Reece, Managing Director, Head of Market Liquidity, Euroclear
A foundational year for Euroclear, but what next?
During our Collateral Conference, held in Brussels on 6 & 7 November, Mike Reece, Euroclear’s Managing Director of Market Liquidity and Marije Verhelst, Euroclear’s Head of Product Strategy and Product Development, Collateral Management and Securities Financing sat down with Hansa Tote from the Securities Finance Times to discuss how the 2025 was a foundational year for Euroclear, marked by significant milestones and progress towards strategic goals.
Mike and Marije reflected on achievements such as surpassing €2 trillion collateral mobilised daily on the Collateral Highway, reducing market fragmentation and connecting to the ECB’s Eurosystem Collateral Management System (ECMS).
These developments underscore Euroclear’s commitment to improving interoperability and strengthening liquidity management.
One of 2025’s standout innovations were the launch of the Euroclear Collateral Optimisation Service, developed in partnership with Transcend. This solution offers clients a holistic approach to collateral management and optimisation, enabling cost savings and enhanced liquidity while maintaining data security.
The connection to ECMS further streamlined collateral management by providing a single access point across the Eurosystem, simplifying processes and supporting cross-border investments.
Marije Verhelst, Head of Product Strategy and Product Development, Collateral Management and Securities Financing
Looking ahead, Euroclear is focused on addressing the challenges posed by T+1 settlement. Shorter settlement cycles will create additional liquidity pressures and the firm is working on measures such as synchronising securities financing transactions and cash trades to reduce intraday liquidity strain. Innovation remains central to Euroclear’s strategy, with plans to explore tokenisation, distributed ledger technology and open digital platforms to meet evolving market needs. 2025 laid the foundation of Euroclear’s ambitious multi-year plan to provide industry-leading solutions for clients and 2026 is set to build on those successes with many more exciting developments set to be delivered.
As 2026 approaches, execution and client focus are top priorities. Euroclear aims to deliver optimal services through both traditional and digital solutions, while maintaining close engagement with the market. With the pace of change accelerating, the firm is committed to moving faster, innovating boldly and backing its high ambitions with strong execution.
