Settlement ‘instructions’: Firms look to US for guidance as Europe braces for T+1

Operations professionals in Europe look across the pond for lessons in managing shorter settlement cycles.

Halloween may be over, but a new threat has operations managers at European financial firms spooked. With six months until US and Canadian markets are due to make the switch to T+1 settlement, the specter of settlement compression is now knocking on Europe’s door.

The European Securities and Markets Authority (Esma) has published a call for evidence with the stated intention of assessing “the costs and benefits of a possible reduction of the settlement cycle in the European Union.” The timeframe

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Cutting through the hype surrounding the FDTA rulemaking process

A bill requiring US regulators and institutions to adopt a machine-readable data framework for reporting purposes applies to entity identifiers, but not security identifiers, in a crucial difference, writes Scott Preiss, SVP and global head of Cusip Global Services.

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