The TRADE

OCTOBER 22, 2024

One other point was that there should be a recommendation, but not a regulatory requirement, to transition the mutual fund subscription and redemption settlement cycle to T+2 from the common T+3/4 in the UK and other popular EEA fund jurisdictions to coincide with the UK, EU and Swiss transition to T+1 in capital markets.

Asset Management

The TRADE

OCTOBER 16, 2024

With regards to a timeline ESMA acknowledged the high level of interconnectedness between the EU capital markets and those in other jurisdictions in Europe, highlighting how a coordinated approach across Europe is “desirable”.

Capital Market

The TRADE

OCTOBER 10, 2024

Following the US shift to T+1 settlement in May, the UK is gearing up for a 2027 shift and set to benefit from “second mover advantage” according to Andrew Douglas, chair of the T+1 technical group (TGT) of the UK Accelerated Settlement taskforce (AST).

Trading

The TRADE

JULY 3, 2024

A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco. The UK put together a taskforce in 2022, releasing its first report in March of this year that confirmed that the UK should move to T+1 no later than December 2027. We’re in a suboptimal place with global misalignment.

Trading

The TRADE

NOVEMBER 18, 2024

The European Securities and Markets Authority (ESMA) has proposed a move to T+1 in the EU by Q4 2027 – in line with the UK. Published in the watchdog’s final T+1 recommendations, ESMA recommends that the migration to T+1 occurs simultaneously across all relevant instruments – with a coordinated approach across the continent “desirable”. In a (..)

Capital Market

The TRADE

MARCH 12, 2025

Stephane Boujnah The three markets join Euronext markets in Lisbon, Milan and Oslo, which Euronext Securities already provides support for. In addition, the exchange claims that clients will benefit from easier adaptation to regulatory changes, in particular during the preparation for the move to T+1 in Europe in October 2027.

IT

The TRADE

MARCH 17, 2025

BME has announced a reform to Spain’s securities settlement system to improve efficiency, align the Spanish market with European standards, and prepare it for the T+1 settlement cycle by 2027. This migration claims to reduce risks by improving market efficiency.

Negotiation

The TRADE

MAY 8, 2025

A shorter settlement cycle of one day will make our capital markets more efficient, said Andrzej Domanski, Polands minister of finance. If approved, the new rules will take effect from 11 October 2027, allowing time for market participants and infrastructures to make the necessary operational adjustments.

Negotiation

The TRADE

FEBRUARY 11, 2025

This partnership marks a significant milestone in Euronexts Innovate for Growth 2027 strategy, reinforcing Euronext Clearings role as a cornerstone of the group’s broader strategic ambitions, said Anthony Attia, global head of derivatives and post-trade at Euronext.

Collaboration

The TRADE

JANUARY 23, 2025

Due to the significant interconnectedness within the EU capital market, a coordinated approach across the EU, involving authorities, market participants, financial market infrastructures and investors, is desirable, according to the watchdogs. The first meeting of the coordination committee is scheduled for 6 February.

Government

The TRADE

DECEMBER 20, 2024

Central clearing will play a key role in this debate, which will be essential for advancing the region’s capital markets, and we look forward to Emir 3.0 The UK has outlined a roadmap targeting Q4 2027, but despite ample time to prepare, significant actions are likely to commence soon. helping in this regard.

Trading

The TRADE

DECEMBER 23, 2024

Resolving these issues will be relevant in Europe as well, as T+1 is expected to reach both the EU and the UK by the end of 2027. Meanwhile in America, T+1 has created operational difficulties, highlighting data quality and transformation issues as well as poor processes and a lack of automation throughout. helping bring this to life.

Trading