Brian Steele, Managing Director and President for Clearing and Securities Services at the financial market infrastructure company, says the transition has been successful
Findings of the ‘US Corporate Actions Standardization Position Paper’ emerge from a working group established by EY and SIFMA’s operations and technology committee
This guide is designed to assist market participants in preparing for the SEC’s proposed transition to next-day securities settlement which, subject to final regulatory approval, is targeted in the US for Q3 2024
The Global Financial Markets Association have announced leadership changes with the additions of Adam Farkas and Leonardo Arduini
DTCC, ICI and SIFMA outline path to implement next-day settlement for US securities by H1 2024, but conclude that a move to T+0 is not feasible in the short term
The settlement date for stocks used to be T+5, before moving to T+3, and now most markets operate on a T+2 settlement cycle, but panellists at the AFME conference discussed whether or not the T+2 cycle is enough
“Project Ion holds the promise of new settlement functionality supported by robust technical capabilities and is a key part of our on-going efforts to further accelerate settlement," says Michele Hillery
ASIFMA’s board of directors — the association’s governing body — is composed of 28 senior representatives from member firms, including BlackRock, Bank of America and BNP Paribas
Stephen Isgar, head of network management for the Americas at RBC Investor Services, considers the potential for added cost and risk related to enhancing investor protection
With losses and missed opportunities amounting to an estimated US$1 billion every year, John Kirkpatrick, vice president for securities services at Broadridge, highlights the importance of driving constant advances in automation, asset safety and data standardisation
Sibos participants on the current state of industry collaboration, where it could go next and how their companies are engaging in group initiatives
Brian Bollen delves into the US Corporate Actions Working Group’s latest objectives, and looks at why the sector needs to rapidly modernise and standardise its practices
Experts from Smartstream and Information Mosaic tell AST about automation of the election process, and whether too many committees are spoiling the broth
