The spike in trade settlement fails across the US and Europe highlighted the urgency for post-trade automation.
Panellists at the Network Forum Autumn Meeting echoed fears that plans comply with the rules have been put on hold since the announcement of its delay.
The latest delay will push the project back to April 2023 as the exchange again cites COVID-19 as a cause.
ECB confirmed it suffered a major incident that impacted TARGET2 settlements, while T2S liquidity transfers were also affected.
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.
SWIFT plans to play a significant role in helping the industry to minimise securities settlement failures as part of its new two-year strategy.
The investment is the latest in a number of ventures made by Clearstream in the digital asset space.
UK-headquartered depositary appoints Morgan Stanley executive to lead customer services and operations.
The new business includes the combination of Clearstream’s existing Fund Desk and will service over $290 billion of assets under administration.
DTCC stated dematerialisation would reduce the risks and costs associated with manual processing and human touchpoints.