ECB decided to push back project to replace TARGET2 with a new real-time gross settlement, while also delaying the new Eurosystem Collateral Management system.
Tony Freeman had led the regulatory agenda for DTCC and its Omgeo subsidiary for over 15 years.
New paper highlights the need for a standardised interface for investors to enable the post-trade industry to operate at the same level as an Amazon-style company.
The move will bring it in line with other Latin American (LATAM) markets that have already made the transition to a T+2 settlement cycle.
Singapore exchange to launch new securities settlement and depository framework on 10 December.
The project has been three years in the making following regional counterparts Hong Kong, Korea and Thailand in making the transition.
Multiple breakthroughs for distributed ledger technology in 10 day span for securities services industry.
Bank of Japan successfully reduces settlement time for government bonds to T+1, however Mizuho warns of potential rise in settlement fails as a result.
Thailand joins Hong Kong, Korea, Taiwan and India as the only Asian markets that have made the move to a T+2 settlement cycle.