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SECURITIES TAKES CENTRE STAGE AT SIBOS : Previewing the big talking points for Toronto 2023
T + 1 , ISO 20022 , unique transaction identifiers , post-trade data , artificial intelligence , tokenisation and broader digital asset talk headline the securities sessions at this year ’ s Sibos event .
For some of us , the reveal of the Sibos location and agenda is the closest thing to that feeling of checking a festival line-up in our younger days – however the tents are replaced with rather nice hotels and the Kings of Leon with chats about artificial intelligence and settlement cycles . This year ’ s Sibos returns to North America for the first time in six years as Toronto hosts the annual event once again , and the great news for the asset servicing industry is that securities are featured prominently on the agenda once again . Whether it is through direct discussions around settlement times , post-trade data or servicing digital assets or through broader themes such as artificial intelligence , ISO 20022 and tokenisation – there ’ s a plethora of securities themes to take in over the four-day event .
No surprises here : T + 1 gets a lot of attention Are we ready for accelerated settlements ? The answer in June / July is no – but where will we be by September ? The testing stage will have started , and in a panel under the Sibos Academy banner - members of ISITC EU , DTCC , CSDC and the CCMA will discuss global readiness and dive into some of the challenges to reaching this important milestone . Rather than some of the more familiar moderators in the space , this session will be chaired by Tony Gandy from the London Institute of Banking and Finance who will walks the audience through the findings of his crucial research on this topic . In addition , a CEO panel including some of the largest securities infrastructure will also explore the subject discussing the greatest concerns about the move and how will it impact operational teams around the world .
Unlocking the potential of the Unique Transaction Identifier Swift has recently been pushing the message that adopting the Unique Transaction Identifier ( UTI ) can bring the transparency the securities industry needs to avoid securities settlement
6 Global Custodian Sibos Special 2023