Waters Wrap: T+1 and too many proposals
Anthony believes that there’s a growing chasm emerging between regulators, senior business execs, and technologists—which is especially evident when it comes to the T+1 debate.
For all the pain that was caused by the 2008 Financial Crisis, many lessons were learned, too. I mean, sure—did any bankers get sent to jail as a result of defrauding the American public? Well, there was that one guy, but other than that, golden parachutes rained down across Wall Street as Main Street shuttered stores and foreclosed on homes.
BUT…there’s a bright side! Indeed, banks learned that their data was too siloed, and their systems were unable to communicate important information
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