In this special live episode of AFME Voices, recorded at AFME’s OPTIC Conference 2026, AFME Chief Executive Adam Farkas is joined by Jenny Robertson, Head of the FMI Unit at the European Commission to discuss the Market Integration and Supervisory Package (MISP) and what it could mean for the future of Europe’s post-trade landscape. The conversation explores the core post-trade elements of the MISP, its interaction with trading and distributed ledger technology (DLT), and the evolving positions of the European Parliament and Council. Adam and Jenny also discuss proposals around CCP interoperability, CSD fee transparency and DLT settlement schemes, as well as the next steps in the legislative process. Looking beyond the package itself, they consider what more is needed to advance post-trade harmonisation and modernisation in Europe, and how regulation and industry-led initiatives, including the transition to T+1, can work together to support greater market integration and competition.
In this special live recording of AFME Voices from AFME’s OPTIC Conference 2026, AFME Chief Executive Adam Farkas sits down with Jenny Robertson from the European Commission for a discussion on the Market Integration and Supervisory Package (MISP) and its implications for Europe’s post-trade markets.
They explore the package from a post-trade perspective, including how its different elements interact across trading, clearing, settlement and DLT, and consider how the proposal may evolve as it moves through the EU legislative process.
The conversation also looks at proposals around CCP interoperability, CSD fee transparency and DLT settlement schemes, before considering the bigger picture: whether the MISP represents one step in a wider process of post-trade harmonisation and modernisation, and what further action may be needed.
Adam and Jenny conclude by discussing the respective roles of regulation and industry-led initiatives in advancing market integration and competition, including the lessons that can be drawn from Europe’s move to T+1 settlement.
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