Webinar recording
Published 27 Mar 2026

Transforming the banking balance sheet: a pan-European CSD solution

How European firms could unlock efficiency by rethinking settlement, funding and balance sheet structure.

Transforming the banking balance sheet: a pan-European CSD solution

In Partnership with

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European settlement and funding operations are creating a larger efficiency opportunity than many firms currently recognise. The challenge is not only operational friction, but the way fragmented structures continue to affect liquidity usage, buffers, balance sheet flexibility and the cost of capital.

Speakers

Barnaby Nelson

Barnaby Nelson

Chief Executive Officer

The ValueExchange
Dirk Loscher

Dirk Loscher

Chief Executive Officer

Clearstream
Marcus Austin

Marcus Austin

Head of Sales & Relationship Management

Clearstream
Matthew Keys-Lumley

Matthew Keys-Lumley

Head of Network Management, Treasury Operations

Barclays

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European settlement and funding operations are creating a larger efficiency opportunity than many firms currently recognise. The challenge is not only operational friction, but the way fragmented structures continue to affect liquidity usage, buffers, balance sheet flexibility and the cost of capital. 

Where does the real value of post-trade transformation in Europe sit? What changes when firms look beyond settlement cost alone and assess the broader treasury and balance sheet implications?

This session brings together Dirk Loscher and Marcus Austin of Clearstream, Matthew Keys-Lumley of Barclays and Barnaby Nelson of The ValueExchange to examine what a different European model could look like in practice and where the economic case for change becomes most visible.

The session highlights:

  • Up to euro (EUR) 37 million of efficiency is available across European settlement and funding operations

  • 84% of the upside sits with treasury rather than operations

  • Consolidation into a single European model is a stronger lever than incremental process fixes

  • Treasury and operations often remain too disconnected to unlock the full opportunity

  • T+1 is increasing the pressure to shorten chains and improve predictability in funding and settlement

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