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Tackling settlement inefficiency in Europe must take priority over shift to T+1, say experts

The TRADE

Following  the US Securities and Exchange Commission (SEC) vote to shorten the settlement cycle to one business day  from 28 May next year, European regulators launched a call for evidence on 5 October to assess the impact of a shorter settlement cycle on the continent; final report scheduled for Q4 2024.

Trading 64
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Buy-side ‘aware and worried’ about T+1 as implementation and testing ramps up

The TRADE

The buy-side are “aware and worried” as the US shift to T+1 looms closer and the testing phase begins globally, a panel held by the Association for Financial Markets in Europe (AFME) has said. Panellists raised concerns over FX, settlement fails, and potential regulatory hurdles during the webinar held by AFME on 27 June.

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