CACEIS’ Post

Nice read about how T+1 is the latest regulation pushing the industry from batch to real-time processes. Be ready for the challenges ahead! Bonus: learn how CACEIS Forex capabilities can optimize your costs. 👇🏽 #CACEIS

Learn about securities settlement capabilities as a competitive advantage for firms in an already crowded market in our upcoming Dynamic Settlement Dbriefs webcast.

In the constantly shifting regulatory landscape, firms must constantly adapt to remain compliant and maintain a competitive edge. EMIR Refit in Europe and T+1 in North America are two of the biggest headlines of 2024, with the former going live on 29 April and the latter set for 27 May in Canada and 28 May in the US. But how is the industry coping with the preparation – and the implementation?  #Trading #Markets #CapitalMarkets #EMIRRefit #T1 #Settlement #Derivatives #Regulation #GlobalTrading The Depository Trust & Clearing Corporation (DTCC) Syed Ali Broadridge Capital Markets and Banking David Smith State Street Jeffrey Sardinha https://lnkd.in/gz7FTGAp

How we boost our clients' operational efficiency 🚀 📣 “We’re now re-entering into the space of servicing large financial intermediaries that went through severe consolidation post-Mifid. They now need to rely on larger service providers that have critical mass, very efficient processes and access to multiple markets, in addition to a strong balance sheet.” says Gildas Le Treut to The TRADE News & Global Custodian about our #clearing, settlement and #custody services. Read the full piece here 👉 https://lnkd.in/eTYKjybK

Combine clearing and custody !

Many congratulations to the teams at HM Treasury, the Bank of England, and FCA on today’s announcement that the UK Digital Securities Sandbox is now open for applications. This is a very important development following the extensive engagement undertaken by UK Finance and its members, FMIs, regulators, investors, and the legal community over the past year following the publication of the UK Finance report on Securities Tokenisation called Unlocking the Power of Securities Tokenisation. A key recommendation of the report, reiterated in the UK Finance response to the Digital Securities Sandbox (DSS) Consultation Paper in July last year was the desire for the UK Government to state that it wishes the UK to lead the world in regulating digital tokenisation and, to support that aim and catch up with other jurisdictions, HMT (via DMO) signal an intent to issue a digital gilt using the DSS. I commend the ambition HMT has shown in its design of the Digital Securities Sandbox and would particularly like to highlight the positive and open engagement with HMT, BoE and FCA leading up to and following the HMT consultation last year which has been instrumental in the ambitious design of the sandbox. The DSS is a highly commendable initiative and has the potential to support the evolution of digital markets in the UK and encourage market participants to further develop and enhance their digital services. This is a unique opportunity for the UK to establish itself as a global leader in tokenising securities markets. The UK has all the raw ingredients in place including a common law framework conducive to the evolving nature of this technology; a cluster of international banks, asset managers and infrastructure providers, world class regulators and a willingness to innovate. Now is a fortuitous time for the UK to lead – the hard work already completed across industry, policymakers and the UK Government is starting to pay dividends but we must not be complacent. To support UK growth and competitiveness we need to build on this positive momentum to take advantage of the substantial market opportunity in front of us and strive to unlock the exciting full potential of innovative technology for the benefit of the UK. https://lnkd.in/ewk3Y26f

Delighted to be in Paris to discuss Global Clearing and to speak on a distinguished panel together with Olga Jordao (Euronext Securities Porto), Bruno Campenon (BNP Paribas Securities Services), Pierre Davoust (Euronext), and Verena Ross (European Securities and Markets Authority) at Euronext 2024 Conference. The T+1 shortened settlement cycle for US cash equities, corporate debt, and unit investment trusts will come into effect on May 28, 2024, and is receiving significant attention across all market participants in Europe and Asia. From May 2024, all U.S. trades will settle on a T+1 basis or one day after trade date. The move from the current T+2 cycle is designed to reduce settlement risk and reduce liquidity, margin and collateral requirements. Many market participants have used T+1 as an opportunity to review their clearance and settlement operating model, as well as execution, financing, and trade booking.   At BNY Mellon, we offer a full suite of institutional clearance, settlement, execution and securities lending solutions supporting US treasuries, equities and international settlement for self-clearing firms and those firms that wish to use BNY Mellon's outsourced model in all markets around the globe.

European Fund Manager Report: Our recent survey of 250 senior decision-makers in the European fund management industry (AUM range: 500m-20bn) unveils valuable insights into FX infrastructure. Here are the highlights: - A significant portion acknowledges reliance on manual-intense tasks (phone calls, emails, different online platforms, senior approvals, trade information flow, and setting up banking lines, among others). - Lack of transparency remains a pervasive issue, attributed to the inability to secure multiple executable quotes and the absence of independent tools for measuring execution costs from the MID market. - Echoing concerns post last year's banking events; 90% of surveyed asset managers prioritise diversifying counterparty banks and monitoring default risks. Motivated by fears of potential losses in in-the-money FX hedges and concerns about deposited margin collaterals. MillTechFX is well-positioned to deliver an automated solution that assists firms in mitigating/eliminating these issues and implements strong governance on their FX operations. Please feel free to contact me on LinkedIn if you would like to know more.

In a thought-provoking session moderated by Britta Woernle from Deutsche Bank, AFME (Association for Financial Markets in Europe) Optic Conf. 2024, industry leaders explored how securities lending and FX markets have adapted to meet the challenges of shortening settlement cycles, the impact on matching and settlement rates, and the management of misalignment issues. Our very own Mack Gill (FIS Capital Markets) highlighted need for further optimisation of settlement cycle as we get into the real-time processing and how firms are revamping securities processing to drive operational efficiency to meet regulatory demands. Sachin Mohindra (Goldman Sachs) shared insights on navigating client and market solutions during this critical shift. Charifa EL OTMANI (Swift) discussed capital markets strategy in the face of accelerated timelines and technological advancements. Silvia Sancin (BNP Paribas) emphasised the importance of custody solutions in achieving operational alignment. Finally, the panel highlighted that for successful Europe's move towards T+1, industry needs a good governance, clear mandate, detailed roadmap and importantly prepare for the migration as early as possible to avoid any delays. #Posttrade #SecuritiesLending #T1Transition #CapitalMarkets #SecuritiesServices #FinTech

Post-Trade Evolution: From Back Office Origins to Front Office Impact... TradingTech Insight sat down recently with Joanna Davies, our Head of Trade Processing, and Steven French, Head of FX and Securities Product Strategy, to discuss how OSTTRA initiatives are addressing some of today’s most pressing post-trade challenges. https://lnkd.in/erBTRDh9 #pOSTTRAde #trading #derivatives #FX #Securities #fintechnews