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
2021 Small Firm Conference: A Fireside Chat with Robert Cook and Greg Ruppert
FINRA Foundation Military Spouse Fellowship Program: Assisting Service Members and Their Families
Encore | Overlapping Risks: Anti-Money Laundering and Cybersecurity
2021 Ketchum Prize: Expanding Financial Capability in Native Communities
Make Your Voice Heard: FINRA's Regional Committees
The Journey to the Cloud: Implications for the Securities Industry
Introducing Stephanie Dumont
FINRA’s Financial Intelligence Unit: Connecting the Dots
Building Board Diversity: FINRA’s Ongoing Commitment
2021 Annual Conference: Robert Cook and Eileen Murray Fireside Chat
Zoom Arbitration One Year Later: Lessons Learned, Tips for Practitioners and the Road Ahead
Advanced Analytics: Transforming Advertising Regulation
At, By or Through: Fraud in the Broker-Dealer Industry
Exam and Risk Monitoring Program: Responding to COVID-19 and Looking Ahead
Year in Review: The 2020 Exam and Risk Monitoring Program
Cybersecurity: Current and Emerging Industry Priorities and Threats
Behind the Process: How an Enforcement Action Becomes an Enforcement Action
Encore | Augmenting the Exam and Risk Monitoring Program with Data Analytics and Technology
Revolutionizing the Digital Experience: Form U4 and FINRA Gateway
Member Relations & Education: Reimagining the Future of Engagement
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