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UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch

The TRADE

A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE. The report outlines 43 ‘principal recommendations’, covering critical post-trade activities that firms must be able to complete efficiently in a T+1 environment.

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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

Additionally, Gensler emphasised the importance of same-day or T+0 allocations, confirmations, and affirmations, which are critical for the movement of securities and cash on T+1. This, however, is still up for debate and subject to change. This global coordination is crucial because of the interconnected markets, he said. T+0?

Trading 64
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Fireside Friday with Brown Brothers Harriman’s… Brendan Burke

The TRADE

In the current state with T+2 you have 48 hours to execute a security trade, match that trade with brokers, execute the FX and get everything settled. In addition, there are various trade types to account for, such as corporate actions or investor flows, that are different from the traditional security RVP/DVP FX transaction.

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Nuclear fusion: the start-ups chasing energy’s holy grail

Growth Business

“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.” 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.

Funds 88
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Cooley’s 2023 Cross-Border M&A Year in Review: Navigating Choppy Waters into a More Buoyant 2024

Cooley M&A

Ongoing and renewed armed conflict and climate and energy risks had far-reaching impacts, not only affecting national security, global stability and public debate, but also dampening investor sentiment and generally quieting dealmaking in the aggregate.

M&A 52