BNY Mellon and Google to work on eliminating settlement fails in US Treasury market
BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.
Tag: trade fails
Not settling for failure: The custodians hoping to predict future settlement fails through AI
With settlement becoming a multi-billion-dollar cost for the industry and regulation set to heap complexity on failed trades, custodians are looking to apply technology to spot weaknesses and predict future fails.
SWIFT seeks industry partner to help curb securities settlement failures
SWIFT plans to play a significant role in helping the industry to minimise securities settlement failures as part of its new two-year strategy.
Trade settlement fail spikes at height of COVID-19 crisis spark debate over CSDR
The spike in settlement fails during this period could further encourage the industry to increase calls for regulators to reconsider a delay to the CSDR buy-in regime