Investment Company Institute (ICI) chief industry operations officer and co-chair of the T+2 Industry Steering Committee Marty Burns says that as a whole, the transition had minimal problems.
“There were no major issues during the transition, which we can base on the time and effort that was spent preparing for this moment,” Burns tells WatersTechnology. “There were a handful of small problems relating to corporate actions but that was resolved quickly and had no material impact at all.”
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails