SUERF Policy Brief What will tomorrow’s post-trading industry look like

It also stresses the importance of cooperation between public and private sectors, and the need for timely action to ensure a successful transition to the post trading landscape that contributes to the sovereignty and competitiveness of our financial system. [...] To preserve this central role, because of its benefits in terms of stability, in the face of the new infrastructures and settlement assets that may emerge with the increasing use of tokenisation and new digital technologies, our conviction at the Banque de France is that these services must evolve to support and promote transformations in the post-trading ecosystem that will deliver gains in effic. [...] In the light of past and current research, one approach would be to expand the service offering to guarantee the availability of a settlement asset in central bank money covering the new use cases related to the tokenisation of financial instruments, especially through the use of central bank digital currency (CBDC). [...] The work of the financial sector infrastructure group (GIP – Groupe des Infrastructures de Place) under the aegis of the Banque de France can play a key role in this process, with a blueprint expected to be published by the end of the year. [...] He is also a member of the Board of the AMF and of the Supervisory Board of the European Central Bank (ECB).