The world is moving to T+2. The ECB, under the auspices of T2S, has mandated it. And DTCC has produced enough evidence in its research work to validate the proposal. ... more

John Gubert's Blog »

A colleague recently pointed out that the industry was spending around a billion euros to introduce TARGET2-Securiites, which would save investors the odd hundred million a year in transaction fees, according to an early and optimistic ECB estimate. At the same time, 11 EU countries are talking of i ... more

John Gubert's Blog »

We are in London this week, focusing on client and team meetings. This is the replacement trip for the one that was canceled in March. ... more

Jim Casella's Blog

What is a sensible level of capital for a custodian? There used to be absolute levels of capital required by U.S. SEC regulations for sub-custodians, but those were really there to ensure that custodians had substance, albeit modest. The answer to this question is complex, and that may be the reason ... more

John Gubert's Blog »

It has been recently covered in the media that Mary Jo White, who became SEC chairman on April 10, is pushing to adopt the JOBS Act without major changes and potentially adding additional investor protections at a later date. While this new legislation would for the first time allow general solicit ... more

Soapbox's Blog »