News, Risk Management

Europe’s banks face night time T+1 blackouts

By Ellesheva Kissin
Image: Getty Images

European banks are snapping up overnight staff to avoid settlement “hotspots” flaring up across Europe, as they grapple with the US’s incoming one-day securities settlement regime.

From May 2024, securities in the US and Canada will need to be settled one day post-trade (T+1) instead of the current ...

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