Citadel’s Griffin advocates move to T+1 settlement for US equities market
The comments were made before the US House of Representatives’ Committee of Financial Services, which discussed the increased volatility from retail traders in January.
Tag: T+2
T2-T2S consolidation project delayed until November 2022 after industry pressure
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.
DTCC’s senior European regulatory expert departs
Tony Freeman had led the regulatory agenda for DTCC and its Omgeo subsidiary for over 15 years.
Deutsche Bank paper calls for regulatory review of post-trade framework
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.
Colombia moves to a T+2 settlement cycle to harmonise with Americas markets
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.
SGX to launch new securities settlement and depository system
Singapore exchange to launch new securities settlement and depository framework on 10 December.
Japan sets date for T+2 implementation
The project has been three years in the making following regional counterparts Hong Kong, Korea and Thailand in making the transition.
Technology
Pivotal blockchain developments mark big 10 days for securities services
Multiple breakthroughs for distributed ledger technology in 10 day span for securities services industry.
Risk of settlement fails rises as Japanese government bonds move to T+1
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.
East Asia’s saunter to T+2
Stock exchanges in East Asia are preparing to embrace shorter settlement cycles, but will differing approaches signal a shift in regional dynamics? Richard Meyer explains.