SIA: Buy-Side T+1 Efforts to Pick Up in 2002

NEW YORK--This year is a crucial time for investment management firms to assess their situations and formalize their T+1 plans, according to speakers at the SIA’s T+1 buy-side subcommittee seminar, which was held on Jan. 17.

Firms cannot count on further delays, warns Arthur Thomas, chairman of the T+1 steering committee and chairman of Merrill Lynch Securities Services. "The T+1 train keeps moving and the [SIA] committees were only sidetracked for one week," he says. Without regulations, "we