Esma recommendation will align bloc’s move with UK plans
Derivatives traders warn of potential ‘conflicts of interest’ as Chicago group gains licence
Adoption of new settlement cycle has led to greater efficiency, increased liquidity and enhanced risk mitigation
Industry lobby groups urge Brussels to set timetable for modernisation of securities market
If endorsed, and Britain moves to one-day settlement before the EU, UK ETFs would wait until the EU also moves
Problem affecting Swift network impacted high-value and time-sensitive transactions
Consultation by regulator finds 70% of participants favour reduction that would align with UK’s timing
Investors need to ready for the T+1 change in processing or risk unwelcome costs
Government approves timetable for the City to join global push to upgrade market plumbing
Jeffrey Sprecher was an early backer of UK split from EU but now says London has lost value as a trading centre
CEO of exchange group says move into world’s biggest bond market is ‘no-brainer’ and its application will come this year
Task force’s report set to say 2026 timeline for implementation is possible but shies away from hard deadline
Standarise this!
Opposition from banks and asset managers and Franco-German tensions seen as undermining early plans
EU-based traders required to send up to 900 trades a year to ‘active accounts’ in the bloc
Dutch banker to become first non-German head of Europe’s largest futures marketplace
EU’s top financial services chief McGuinness says it is now a matter of ‘when and how’ single-day deals are brought in
The US takes a big step to a shorter settlement cycle for securities trade this year and Europe needs to catch up
And the case for slow QT
Treasury clearing 201: the centralising
Plans cover fewer trades than initially proposed in concession to hedge funds
Whatever timeline Britain opts for, it may be out of sync with its US and European counterparties
Task force appointed by UK Treasury struggles to agree on date to narrow window for finalising securities deals
Securities depository holds up payments due to disagreement over debt status
Everything you never wanted to know about central clearing in the world’s benchmark market
