On May 28th, U.S. markets are moving to a one-day settlement cycle, familiarly known as T+1. This move, which returns the settlement time frame back to a point at which it last stood a century ago, will have wide ranging impacts for firms, investors and regulators.
On this episode, we hear from James Barry, Director of Credit Regulation with FINRA's Office of Financial and Operational Risk Policy, Bobby Gomez, a Senior Director with Market Regulation and Transparency Services' Strategic Initiatives team, Mike MacPherson, a Senior Advisor in Member Supervision's Risk Monitoring group, and John Nachmann, Associate General Counsel with the Office of General Counsel's Regulatory Practice, to discuss what all market participants need to be thinking about and testing ahead of the transition.
Resources mentioned in this episode:
Episode 127: Understanding the Unique Risks of Every Firm
DTCC: The Key to T+1 Success Blog
Reg Notice 23-15: Regulation T and SEA Rule 15c3-3 Extension
Technical Notice: T+1 Settlement Testing
FINRA Margin Regulation
FINRA Investor Insight: Understanding Settlement Cycles
2024 Annual Regulatory Oversight Report
Gen Z Investors: A Look at the Attitudes and Behaviors of the Youngest Investors
Preventing Financial Exploitation: Steps for Safeguarding Senior Investors
The FINRA Examination Team: The Ins and Outs of FINRA’s Annual Program
In Review: Looking Forward with FINRA and Board Chair Eric Noll
Enforcement and Economics: Driving Better Case Outcomes Through Collaboration
A New Twist on New Account Fraud: Detecting and Preventing ACATS Fraud
2023 Senior Investor Protection Conference: The Latest Trends, Scams and Schemes
FINRA's Risk Monitoring Program: Understanding the Unique Risks of Every Firm
Encore | Membership Application Program: Reviewing and Approving Digital Asset Firms
Then and Now: Following Up with the New and Experienced Investors of 2020
Introducing REMA: Thinking Differently About Rulemaking, Decision-Making, Innovation and More
A New Tool for Compliance: FINRA’s Machine-Readable Rulebook Initiative
Preparing for the Unexpected: The Ins and Outs and the Value of Succession Planning
2023’s Must-Read | Report on FINRA’s Examination and Risk Monitoring Program
Gift Guide for CCOs: Top Five FINRA Compliance Tools and Resources
Encore | Fraud Stoppers: FINRA’s Market Investigations Group
Enhancing Your Compliance Practice with the FINRA Institute at Georgetown CRCP Program
Membership Application Program: Reviewing and Approving Digital Asset Firms
2022 Ketchum Prize: Advancing Financial Inclusion and Alleviating Racial and Gender Bias in Agricultural Lending
CE Transformation Update: Annual Regulatory Element and the Latest on the MQP
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