Why banks must act now on US T+1 reg changeBy Jérôme Dumaine
August 1, 2023
Banks face upheaval when shorter settlement cycles kick in from May 2024, yet only around four in 10 are on track to be ready on time.
Banks in the US and Canada will need to settle securities one day post-trade – T+1 – instead of the current two ...
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...Read more