The TRADE

MARCH 28, 2024

The UK’s Accelerated Settlement Taskforce has recommended a two-phased approach to shortening the settlement cycle beginning with operational changes in 2025 and a full transition by the end of 2027. More than 80 trade associations and industry participants have volunteered to support the Technical Group.

Capital Market 115

Capital Market Collaboration Trading Capital 115

The TRADE

OCTOBER 14, 2024

In a new report, the task force stated that this followed a range of views being expressed as to whether the date identified for the UK transition, H2 2027, could also be a feasible implementation date for the EU. In addition, pre-settlement matching was noted as being essential to identify and remediate potential issues as soon as possible.

Trading 69

Trading Capital Market Collaboration Consulting 69

The TRADE

OCTOBER 22, 2024

One other point was that there should be a recommendation, but not a regulatory requirement, to transition the mutual fund subscription and redemption settlement cycle to T+2 from the common T+3/4 in the UK and other popular EEA fund jurisdictions to coincide with the UK, EU and Swiss transition to T+1 in capital markets.

Asset Management 59

Asset Management Management Trading Capital Market 59

The TRADE

OCTOBER 16, 2024

With regards to a timeline ESMA acknowledged the high level of interconnectedness between the EU capital markets and those in other jurisdictions in Europe, highlighting how a coordinated approach across Europe is “desirable”.

Capital Market 81

Capital Market Government Trading Capital 81

The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco.

Trading 59

Trading Broker Funds Investment Manager 59

The TRADE

OCTOBER 10, 2024

Following the US shift to T+1 settlement in May, the UK is gearing up for a 2027 shift and set to benefit from “second mover advantage” according to Andrew Douglas, chair of the T+1 technical group (TGT) of the UK Accelerated Settlement taskforce (AST).

Trading 59

Trading IT Capital Market Consulting 59

The TRADE

NOVEMBER 18, 2024

More to follow… The post EU proposes October 2027 for T+1 switch appeared first on The TRADE.

Capital Market 52

Capital Market Trading Capital Asset Management 52