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.
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 proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Global Custodian understands advanced discussions are underway among EU regulators to propose a delay, though confirmation of this could still be months away.
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.
The Treasury said it will not implement the SDR from February 2021, but will consider the future approach of the rules to the UK’s own post-trade framework.
The combined solution will deliver a real-time platform for clients to manage the settlement fail and buy-in process.
The FinTech firm has signed a partnership with Clearstream and has secured the commitment of Janus Henderson Investors which will use its CSDR solution.
Long-awaited report on the Capital Marks Union sets out recommendations for the regulation while also addressing lingering issues in the post-trade industry.