T+0 an ‘unrealistic and undesirable’ near-term objective for Europe, says AFME
Association calls for considered approach to a shortened settlement cycle, as short-term timeframes are likely to result in a significant rise in settlement fails.
Tag: AFME
Sweden improves settlement efficiency from 85% to 96% during 2023
Proactive engagement from Euroclear behind the improvement “not observed in other European markets”, said AFME.
Addressing settlement inefficiencies can help ‘prepare the ground’ for potential shift to T+1 in other jurisdictions
Improving data quality and standards throughout the lifecycle are critical in establishing solutions to settlement inefficiencies in Europe, says new report from the Association for Financial Markets in Europe (AFME) and Deloitte.
Europe ‘must walk before it can run’ with T+1
Executives from the DTCC, Goldman Sachs, JP Morgan and AFME want to see an improvement in settlement efficiency in Europe before committing to a shortened settlement cycle.
Northern Trust and State Street join AFME board
Custodians join 24 other European wholesale banking groups on AFME’s governing body.
Trade associations demand SDR delay following recent EC communication
AFME, ISDA and ISLA among trade bodies to deliver the concise message of delay the settlement discipline regime.
European Commission to consider changes to CSDR’s penalty regime
With just seven months to go until the go-live of SDR, market participants have grown increasingly worried that they will be unable to make the necessary changes to their operations to meet the rules.
Trade associations push European regulators for clarity on CSDR settlement discipline rules
The trade bodies said many firms will be unable to make the necessary changes to their operations to meet the rules under the current timeline.
Industry associations relentlessly protest the SDR buy-in regime
As the consultation period for Europe’s Settlement Discipline Regime concludes, industry associations again step up calls for the removal of mandatory buy-ins.
Operational resiliency among standout changes to AFME DDQ for 2021
The new version of the AFME DDQ also includes questions over how firms responded to the COVID-19 pandemic.