Securities Review

Market infrastructure provider plans to establish a single entry point for all asset classes, including funds, fixed income and equities across Europe.

The Committee’s 60-page report contains recommendations for market participants in the EU for transitioning to a shorter settlement cycle.

Giovanni Sabatini, independent chair of the EU T+1 industry committee, provides the latest update at The Network Forum in Madrid.  

The European T+1 implementation budget for the largest custodians could reach up to $36 million apiece – more than double the average cost the same firms poured into the North America transition, finds new research.

The exemption, approved by the Committee of Permanent Representatives, comes as part of the Council’s broader agreement on a negotiating mandate aimed at accelerating settlement timelines across the EU.  

Fund processing costs are projected to rise by 32% over the next three years, presenting a growing challenge for firms to modernise. 

Fund managers in Asia face regulatory hurdles, market fragmentation and data transparency challenges – especially in ESG investments – amid rapid digital transformation, said Alvin Chia, head of digital assets innovation, APAC, at Northern Trust. 

Pilot successfully tests the use of DLT to support market connectivity across the collateral management lifecycle in a bid to enhance mobility, liquidity and transactional efficiency of tokenised assets.

CEOs from DTCC, Euroclear and The Canadian Depository for Securities discuss the shift to T+1 settlement around the world at Sibos in Toronto.

Three market infrastructures co-author a whitepaper titled ‘Advancing the Digital Asset Era, Together’ highlighting how they can solve some of the scalability, interoperability and standardisation issues which could hamper the development of a future digital ecosystem.