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. This will provide the UK with the flexibility to adapt to global developments and secure a smooth transition before the end of 2027.”
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.
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Global Banking & Finance
JULY 11, 2024
Global Open Banking payments transaction values are expected to exceed $330 billion by 2027, up from $57 billion in 2023. Alex Reddish, Managing Director of Tribe Payments, an API-first digital payments and infrastructure orchestrator, outlines how the true potential of Open Banking remains untapped. But are they truly global?
The TRADE
JUNE 21, 2024
The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. A collective effort Looking at the key takeaways, Gensler stressed that the settlement transition requires market collaboration.
Growth Business
APRIL 12, 2024
Tokamak Energy signed an agreement with UKAEA in October to closely collaborate and will build a new tokamak at Culham, due to be fully operational in 2027. “Our objective is to have a solution that can be low cost, and genuinely deployable in many countries to address climate change and energy security.”
The TRADE
FEBRUARY 11, 2025
Euronext and Euroclear have collaborated to support the development of Euronext Clearings collateral management services for repo and other asset classes. Collaborating with Euroclear will come as part of the release of Euronexts new repo clearing offering in June 2025, enabling the onboarding of clients with an updated risk framework.
The TRADE
MARCH 17, 2025
BME has announced a reform to Spain’s securities settlement system to improve efficiency, align the Spanish market with European standards, and prepare it for the T+1 settlement cycle by 2027. This migration claims to reduce risks by improving market efficiency. at SIX.
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