Making Sense T+1 deep dive, part 2: Future outlook for Asia and Europe
Oct 22, 2024
Dive into the details of the T+1 settlement transition in the U.K. and Europe, featuring insights from industry experts. Discover the collaborative efforts of regulatory bodies and market players as they tackle operational challenges. The discussion highlights client strategies for readiness and the importance of education in navigating these changes. Additionally, explore the exciting developments across Asia-Pacific, including India's potential leap to T+0 options. Get ready for a lively exploration of the evolving securities landscape!
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UK Sets Clear Roadmap To T+1
- The UK has a government-led accelerated settlements taskforce aiming for T+1 and will publish a final report with a move date in December 2024.
- The technical group's interim recommendations cover scope, static data, market practices and a Crest instruction deadline extension to 9pm GMT.
Technical Changes Target Full Trade Lifecycle
- The technical group's interim recommendations include instrument scope, static data standards, matching and settlement market practices, and stock lending processes.
- Extending Crest instruction deadlines reflects pragmatic operational tweaks needed for a shortened cycle.
EU Intends Coordinated T+1 Assessment
- The EU is pursuing a coordinated assessment with ESMA reviewing responses and industry task force findings ahead of a January 2025 publication.
- ESMA signalled willingness to align with the UK which increases the chance of a pan-European approach to T+1.