By Huw Jones

LONDON (Reuters) – A coordinated move by stock markets in the European Union and Britain to catch up with Wall Street by halving the settlement time for transactions could realistically happen in late 2027, an EU regulatory hearing was told on Wednesday.

Trades on the London Stock Exchange, Deutsche Boerse, Euronext and other bourses in Europe take two business days to settle, lagging one business day (T+1) in the United States since May.

The European Securities and Markets Authority, the bloc’s markets watchdog, held a hearing on Wednesday where a poll of participants…