EU and UK join the race to shorten settlementsBy Ellesheva Kissin
October 12, 2023
The EU is mulling whether to follow the US towards a shorter “T+1” settlement cycle, but its hand may be forced over fears the UK is moving “a heck of a lot quicker”.
European banks operating in North America face upheaval when shorter settlement cycles ...
UK banks claim they have been ‘left in the dark’ as the US aggressively pushes ahead with its T+1 rule change. Under new rules from the US Securities and Exchange...Read more