BlackRock, BNY see T+1 success in industry collaboration, old frameworks
Industry testing and lessons from the last settlement change from T+3 to T+2 were some of the components that made the May transition run smoothly.
In early 2023, it wasn’t a matter of if the United States would move to T+1 settlement cycles, but when. Would it be Labor Day weekend 2024, the more popular option, or would it be sometime in March, which was less thrilling? In the end, it was neither.
On the Monday following Memorial Day weekend this May, the United States, Canada, and Mexico moved to shorter settlement cycles. Overall, and to some surprise, the move has been hailed as a success.
For BNY, it was the transition in 2017 from T+3
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
When it comes to cybersec, the walls of separation are too high
Waters Wrap: Anthony examines some recent statements made by prominent cybersecurity experts and why those words might ring hollow.
Goldman’s credit reporting proposal sparks criticism
The shift to end-of-day and next-day reporting on large portfolio trades is seen as a step back for transparency.
Digital assets: A delicate balance between opportunity and risk
The SIX Digital Assets Regulatory & Tax Service is designed to unify fragmented data sources and provide clarity around digital assets.
Invite us to your cyber war games, Finra urges members
Regulators and broker-dealers would both benefit if watchdogs had a seat at the table during these exercises, says a Finra senior exec.
The US Treasury market preps for plumbing overhaul
Changes are coming to the US Treasury market with potential new clearing houses, access models, and more flow as the industry gets ready to meet the SEC’s first deadline for central clearing.
Reporting overhaul: the EU’s near-impossible balancing act
Regulators must weigh their desire to streamline derivatives reporting against the need to gather crucial trade data.
The SIX Digital Assets Regulatory & Tax Service—Simplifying regulatory compliance
SIX‘s Digital Assets Regulatory & Tax Service is designed to simplify regulations and tax directives governing digital assets, making regulatory compliance more straightforward
Ediphy challenges FCA, Sterling launches new OMS, and more
The UK bond tape is halted, LSEG and Databricks partner, Wells Fargo adopts TransFICC’s One API, and more in this week’s news roundup.
