Coalition Greenwich: Financial Institutions Scramble to Streamline Trade Processes Ahead of T+1
November 08, 2023
November 08, 2023
STAMFORD, Connecticut, Nov. 8 -- Coalition Greenwich, a division of CRISIL, issued the following news release:
The fast-approaching switch to a T+1 settlement cycle is intensifying concerns about potential breakdowns caused by firms that are still reliant on manual and inefficient processes for key middle- and back-office functions.
The U.S. Securities and Exchange Commission has set May 28, 2024 as the date that financial markets will move to next-day settlement on tra . . .
The fast-approaching switch to a T+1 settlement cycle is intensifying concerns about potential breakdowns caused by firms that are still reliant on manual and inefficient processes for key middle- and back-office functions.
The U.S. Securities and Exchange Commission has set May 28, 2024 as the date that financial markets will move to next-day settlement on tra . . .