Euroclear position paper
EU Market Integration Package
The EU Market Integration Package represents a key opportunity to strengthen the efficiency, resilience and global competitiveness of Europe’s capital markets.
In this position paper, Euroclear sets out its views and recommendations on how the Package can support market‑driven integration, foster innovation and deliver a more effective single market for post‑trading services, while preserving high standards of safety, stability and investor protection.
Resilient, liquid and well‑integrated capital markets are essential to meet Europe’s investment needs and support the objectives of the Savings and Investments Union (SIU). Euroclear welcomes proposals aimed at improving connectivity, competition and supervisory consistency across the EU. At the same time, further calibration is needed to ensure the framework delivers practical benefits for market participants, supports innovation, including the responsible adoption of Distributed Ledger Technology (DLT) at scale, and avoids unnecessary complexity.
This paper outlines Euroclear’s perspective across four key policy areas and presents recommendations for a legislative package that supports an integrated, efficient and future‑ready European ecosystem.
- Strengthening open access and competition.
- Optimising connectivity through Central Securities Depository (CSD) hubs.
- Developing Europe’s DLT ecosystem.
- Enhancing supervisory consistency and group recognition structures.
The way Europe implements the Market Integration Package will shape how efficiently capital is mobilised, how innovation is adopted and how competitive EU markets remain globally.
As Europe’s largest post‑trading group, Euroclear brings the perspective of an infrastructure supporting deep liquidity, pan‑European connectivity and large‑scale innovation and stands ready to support the effective implementation of the Package once finalised.
