Shift to T+1 ‘more significant than any other change before it’
Reduced settlement cycles were under the microscope at a TNF Americas panel in New York last week.
Securities Review
Industry experts mull growth and impact of digital asset custody
Digital assets were a hot topic of debate at the TNF Americas Meeting in New York.
AFME calls for industry discussion on shortening settlement cycles in Europe
A new paper discusses the pros and cons of a one-day settlement cycle in Europe, a topic the industry seems to be reluctantly accepting is on the horizon.
Swift unveils collaboration with Citi, Northern Trust on corporate actions blockchain pilot
Interbank cooperative is trialling Symbiont’s technology, using its smart contracts and blockchain capabilities to create a network effect that leverages the 11,000+ institutions connected to SWIFT.
Long-awaited final phase of UMR goes live today – here’s what it means
Phase 6 of the Uncleared Margin Rules has been implemented today, with the regulation having the biggest impact on the buy-side yet. Industry experts react to the deadline, giving insights on where we stand today.
SIX rolls out triparty collateral management product
Users will be able to delegate their day-to-day operational collateralisation responsibilities to SIX.
ASX’s post-trade blockchain project delayed once again
Exchange group says its blockchain-based post-trade platform is unlikely to go live before late 2024 as it commissions independent review of the new application.
SIFMA, ICI and DTCC ready industry for T+1 with implementation playbook
Guidance outlines the timelines, dependencies and risk impacts that market participants should consider when preparing for the transition to T+1.
Banks are being hit with up to €5 million in CSDR penalties per month as settlement rates deteriorate, says expert
Five months into the Settlement Discipline Regime, we are getting a clear picture of the challenges and shaky start the regulation has incurred, with one expert now quantifying some of the pain the banks are absorbing through penalties.
European custody experts pour cold water on global urgency to reduce settlement cycles
Discussing shortening settlement cycles across global markets, more challenges than opportunities were raised by a panel of esteemed securities services industry experts.