Despite more than 80% of volumes migrating to the T2S platform BNP Paribas suggested that much needs to be done before post-trade Europe is fully harmonised.
BNP Paribas Securities Services has secured a stake in software company Fortia that uses AI to aid regulatory compliance and data management in the fund industry.
Earlier stages of T2S were hit by delays in migration but wave four cannot be delayed due to increasing external pressures, according to an industry expert.