[ I N D E P T H | T + 1 ]
“ If you ' re an international investor the more markets that you have that settle at the same time the easier.”
The IA’ s endorsement for a 2026 migration was based on the desire for a holistic shift – suggesting that in the event that jurisdictions are only able to transition at a later date, others should push theirs back to align.
This attitude speaks to the level of responsibility felt by European asset managers as pertains to their own processes that maintain quality in the capital markets.
Knowing me, knowing you This importance placed on an inclusive international approach is arguably opposite to what occurred during the US shift, wherein then-chair Gary Gensler made clear that his mandate was focused on‘ 300 million Americans’.
Conversely, Europe’ s shift to one day settlement is one which is being driven by the need to stay open to investment.“ Europe wants to keep the doors open,” says Conn.
This of course includes recognising that APAC is an important source of inward investment for both the UK and the EU.
Douglas explains:“ From our side what did we do to try and accommodate that? What I believe to be a pretty elegant solution in that working closely with Euroclear, we have included a cut off of sorts aimed specifically at UK investors outside of the UK time zone- a sort of nominal time at which Euroclear would expect instructions to have been received – which is 5:59am on T + 1.
“ From our perspective, everybody who is east of us benefit from that because they ' ve got their
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