All clearing and settlement news

BoE confirms supervisory action against Euroclear UK and Ireland following settlement outage

25 June 2021 UK
Reporter: Bob Currie

The Bank of England has initiated supervisory action against Euroclear UK and Ireland in connection with an outage in its CREST settlement system in September 2020

LCH EquityClear boosts services offering

25 June 2021 UK
Reporter: Maddie Saghir

EquityClear is LCH’s UK-registered equities clearing service, with connectivity to 16 trade venues and 19 Central Securities Depositories (CSDs) across Europe

De Volksbank joins Eurex’s ISA Direct

15 June 2021 UK
Reporter: Maddie Saghir

Dutch bank De Volksbank has joined Eurex’s ISA Direct model, to gain the benefits of direct clearing membership to a broader range of institutions

Gensler spotlights SEC thinking on T+0 settlement and payment for order flow

10 June 2021 US
Reporter: Bob Currie

Time equals risk in financial markets and recent events have triggered questions around whether risk can be lowered through shortening the T+2 settlement cycle, says US SEC chair Gary Gensler

Volatility events triggered by GameStop are ‘part of a larger story’, says Gensler

06 May 2021 US
Reporter: Maddie Saghir

During today's GameStop hearing, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), will argue that shortening the standard settlement cycle could reduce costs and risks in the markets

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