The Currency analytics
By Maheen Hernandez
The Financial Conduct Authority (FCA) calls for swift action as the Accelerated Settlement Taskforce releases a report on T+1 settlement progress this week.
The AST report outlines achievements from the past year. Notably, it emphasizes the need for financial institutions to update systems and processes.
The FCA anticipates full readiness by 2026. However, challenges remain. Some institutions lag in their preparations, raising concerns about potential disruptions.
No comments have been made by certain key market actors. Their silence leaves questions about their preparedness.
The shift to T+1 settlement is also expected to bring about operational efficiencies. Market participants are encouraged to invest in technology upgrades to facilitate this…
Moreover, the FCA has scheduled a series of workshops and forums throughout 2026. These events aim to address concerns and provide guidance on best practices for the T+1…
Despite the progress, some financial institutions have expressed concerns about the tight timeline.
Pending approvals from various regulatory bodies remain a critical aspect of the transition process.
The Accelerated Settlement Taskforce also highlights the need for collaboration among market participants.
Feedback from industry insiders reveals mixed sentiments. On January 15, a survey conducted by the Association for Financial Markets in Europe (AFME) indicated that 68% of…
As the deadline approaches, the FCA remains vigilant in its oversight role. Regular audits and compliance checks are in place to monitor progress.
The Taskforce's report also makes a case for increased transparency in the implementation process.
The Bank of England has also been involved in discussions regarding the transition to T+1. On January 25, a spokesperson from the central bank noted that they are monitoring the…
The transition to T+1 settlement is expected to impact trading volumes. Analysts at Barclays have projected a potential increase in daily trading volumes by up to 15% once the…
Meanwhile, the Investment Association, representing the UK’s investment management industry, has expressed support for the move to T+1.