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Asset management association pushes for Europe to switch to T+1 in 2026

The TRADE

The post Asset management association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE.

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The TRADE predictions series 2025: Post-trade and the shift to T+1 – part two

The TRADE

Market participants readiness for key milestones, like the anticipated go-live of the European consolidated tape (CTP) in 2025 or the transition to T+1 settlement in the UK/EU in 2027, will be critical to ensure long-term success. Whilst these turning points may seem far off, the time to prepare is now.

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Keeping the APAC door open as Europe moves to T+1

The TRADE

Earlier this year, the EU, Switzerland (CH), and the UK officially aligned on the proposed date for a shortened settlement cycle, with the region’s move to T+1 now set to come into force in October 2027. Though the US shift to T+1 was relatively painless in the end, ultimately this is a different beast.

Trading 59
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Fireside Friday with Brown Brothers Harriman’s… Brendan Burke

The TRADE

Jumping ahead in time, covid-19 was another external factor which put a lot of pressure on asset managers in terms of how and where work was being done. For a lot of managers, FX can be considered an uncompensated risk since you’re not really being paid to manage the FX. What should firms bear in mind?

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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. European asset managers moved staff to the US to manage foreign currency risks during the US 4PM to 6PM time zone rather than late at night in Europe.”

Trading 64
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EU proposes October 2027 for T+1 switch

The TRADE

The regulator also wishes to avoid the first Monday of October as the transition date, as it is the first Monday after quarter-end. “T+1 will allow EU capital markets to keep up with the evolution of other markets, putting an end to costs linked to the current misalignment of settlement cycles,” the report stated.

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Even the smallest buy-side firms will have to spend a quarter of a million dollars on T+1 switch

The TRADE

The research also revealed further key concerns for interviewees ahead of the move scheduled for 11 October 2027, including possible misalignment regarding foreign exchange and implementation across the UK, EU, Liechtenstein and Switzerland.

Trading 64