Are banks actually getting better at settlement? AccessFintech's Global Head of Buyside Customer Experience, Pardeep Cassells spoke with Banking Risk and Regulation, commenting on CSDR cash penalties and how their upcoming re-fit impacts settlement efficiency. “Banks will be under greater pressure to improve settlement rates further, both from a liquidity and balance sheet perspective, but also from a client service perspective as their asset manager. Clients need timely and accurate transaction handling,” said Pardeep. You can read the full article below. #Tplus1 #T1 #Settlements #CSDR
When trades fail to settle, it is a giant pain for both sides and a major form of operational risk, write Farah Khalique and John Crowley. But are banks actually getting better at settlement? Goldman Sachs recently reported a “significant improvement” in achieving a “greater than 99%” same-day settlement rate. But what else is driving better settlement risk rates? As US banks prepare to shorten trade settlement times to T+1 by May 28 this year, they are looking closely at their post-trade processes to remove inefficiencies. Insights from Björn Storim, MBA, FRM, MRICS, Cécile Nagel, CFA and Ben Pott from BNY Mellon, plus The Depository Trust & Clearing Corporation (DTCC), Clearstream and European Securities and Markets Authority (ESMA). Analysis via Pardeep Cassells at AccessFintech. Read more 👉 https://lnkd.in/dSUQq9f4 #settlements #settlementservices #bankingindustry
