Observations and lessons to learn from the move to T+1
The next few years will see other jurisdictions around the world look to North America for guidance on transitioning to shorter settlement cycles.
It’s not a new notion that the post-trade ecosystem gets the least attention when it comes to innovation efforts and, therefore, funding, as it has typically been seen as a cost center that doesn’t provide a competitive advantage. As a result, changes within the back office have been slow. However, over the past few years, the purse strings began to loosen as firms tried to address manual processes in the realm of post-trade and regulatory reporting.
This year’s massive change to shorten North
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