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SIONIC: now is the time for accelerating the settlement cycle
06 May 2021 UK
Reporter: Maddie Saghir

“Today’s digital world is forcing the financial services industry to address the risks inherent in the current T+2 settlement model. We are ready to assist firms in preparation for this necessary and imminent change,” SIONIC cites

DTCC accelerates effort to shorten US settlement cycle to T+1
30 April 2021 US
Reporter: Maddie Saghir

DTCC says a shorter settlement cycle will benefit investors and market participant firms by reducing systemic and operational risks

DTCC survey reveals several key challenges that emerged as market volatility surged throughout 2020
23 April 2021 US
Reporter: Maddie Saghir

Buy-side firms typically experienced less disruption to post-trade processes than sell-side firms due to simpler operational models, according to DTCC

Market ‘cop’ Gensler confirmed as SEC chair
15 April 2021 US
Reporter: Alex Pugh

As the agency faces new challenges — crypto, post-GameStop retail investing, ESG, to name a few — the appointment of Gary Gensler signals the end of the Trump administration’s hands-off approach to financial markets

DTCC: complete industry engagement needed to move from T+2 to T+1
12 April 2021 US
Reporter: Maddie Saghir

Mike Bodson, president and CEO at DTCC, says: “I believe accelerating settlement should be right at the top of everyone's list"

EACH urges EC to agree with ESMA on a further delay to CSDR's SDR
01 April 2021 Belgium
Reporter: Maddie Saghir

EACH says a number of the provisions are simply not implementable because of their technical inaccuracy and some would also increase operational risk within the EU CSDR SDR

DTCC’s ALERT reaches new milestone with more than 10 million SSIs
31 March 2021 UK
Reporter: Maddie Saghir

DTCC ALERT, the web-based global database for the maintenance and communication of account and standing settlement instructions (SSIs), has more than 10 million SSIs now included in the service

CSDR: there are yet to be changes in industry behaviour
23 March 2021 UK
Reporter: Maddie Saghir

“The industry would like to start seeing trade fails come down to the point where the industry’s investment into this space will kick in but I'm certainly not seeing this yet," says BNY Mellon's Martin Smith

Second GameStop hearing recommences
17 March 2021 US
Reporter: Maddie Saghir

Michael Blaugrund, chief operating officer of the New York Stock Exchange (NYSE) will address accelerating trade settlement to T+1

DTCC’s Susan Cosgrove joins Ultimus Fund Solutions’ board of directors
10 March 2021 US
Reporter: Becky Bellamy

Cosgrove currently works as managing director and chief financial officer of the Depository Trust & Clearing Corporation

DTCC proposes move to shorten US settlement cycle to T+1 by 2023
24 February 2021 US
Reporter: Becky Bellamy

In order to move to T+1, DTCC says industry participants must align and agree to shorten the settlement cycle by implementing the necessary operational and business changes, and regulators must be engaged

Robinhood CEO calls for a fix on the ‘antiquated settlement structure’
22 February 2021 US
Reporter: Maddie Saghir

Tenev suggests that solving the problem for the system will require “systemic change” and fixing of the “antiquated settlement structure”