Corporate Actions and the Need for Standards
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The industry needs standards to automate corporate actions and meet the Group of Thirty’s recommendations. By Gary Write, director, CityCompass
The latest Group of Thirty recommendations highlight the urgent need for the securities industry to accelerate the standardization process. The hope is that by widening global standards to a greater degree, the trading and settlement process used by firms will converge and thrust the markets into true global STP.
Last year’s global implementation of the
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