The Day the Data Stood Still

With the UK preparing to leave the EU in March, regulators have a limited amount of time to figure out how to keep the flow of information going between each other post-Brexit—and the window is closing.

The list of issues associated with the UK’s planned departure from the European Union (EU) in March 2019 is long, complicated and half-finished. But now, regulators in the financial markets have added another problem: data.

The crux of the matter is this: if Brexit occurs without a deal between the UK and EU in place, what happens to the flow of information between regulators like the Financial Conduct Authority (FCA) and the European Securities and Markets Authority (Esma)? Data sharing

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

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