LinkedIn Live - Securities 01: T+1 and the urgent quest for settlement efficiency | Swift

LinkedIn Live broadcast: 27 April 2023
All around the world, securities settlement timetables are getting shorter and shorter. Several countries are pushing for T+1 (next day settlement) or even T+0 (same day settlement). India is already live with T+1 for its equity market, while the US and Canada have recently confirmed adoption of T+1 in 2024. Others could follow suit, with major markets like the UK exploring their own move to T+1 as well.
Shorter settlement cycles can bring about a number of benefits, but they can also lead to disruption and fragmentation. From an operational perspective, T+1 means that trade confirmations and matching must take place within a few hours of the trade’s execution - raising the possibility of a spike in settlement fails and increasingly, financial penalties. In this new paradigm, settlement efficiency is more important than ever.
This session was where Simon A.X. Daniel, Securities Product Manager at Swift, and Virginie O'Shea, CEO of Firebrand Research, discussed the impact of shorter #settlement cycles and what firms should think about to thrive in this new paradigm.
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BIO: Simon Daniel
Simon joined Swift in April 2021, as a senior securities product manager to help shape and deliver the service offerings as part of the ‘smarter securities’ strategy. Prior to joining Swift he worked for a number of sell-side and buy-side firms, and with financial service providers including IHS Markit, and DTCC. Specializing in post trade, and combining experiences as a client, counterparty and provider, Simon is a regular speaker at industry organisations and working groups. He is currently focused on improving the settlement life-cycle, STP and efficiency for the capital markets industry as part of the SWIFT Securities View initiative.
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BIO: Virginie O’Shea
Virginie O’Shea is a capital markets fintech research specialist, with two decades of experience in tracking financial technology developments in the sector, with a particular focus on regulatory developments, data and standards. She is the founder of Firebrand Research, a new research and advisory firm focused on providing capital markets technology and operations insights for the digital age.
Most recently, she was a research director with Aite Group, heading up the Institutional Securities & Investments practice and covering data management, collateral management, legal entity onboarding, and post-trade technology. In this role she spearheaded strategy for the practice and managed a team of analysts across the globe.
LinkedIn Live page: / 7052176745789083648
#securities
#securitiesview
#settlement
#capitalmarkets
#posttrade
#csdr
#linkedinlive
#linkedinlivestreaming
#finance
#swift
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