The shift to a shorter settlement has raised concerns within the realm of securities finance, prompting firms to contemplate scaling back their lending activities until the new settlement system proves its reliability.
The biggest challenge for participants in APAC regarding T+1 in the US revolves around FX execution and navigating the associated funding gaps, but despite that, experts in Asia from the realms of custody and asset management report that the market has adjusted well to the change through to preparation and automation.
New head brings over 20 years’ experience, previously working at Deutsche Bank, BNY Mellon and Standard Chartered.
IHS Markit and Pirum will make available Delta Capita's SFTR test pack to its clients to support and standardise testing.