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
How the Cloud and Machine Learning Have Transformed Market Surveillance
How the Cloud Has Revolutionized FINRA Technology
What is FINRA’s Dispute Resolution Forum?
ERI: Introducing FINRA’s Weatherman
One Enforcement: Introducing FINRA’s New Enforcement Team
The Senior Helpline: Addressing the Unique Needs of Senior Investors
One FINRA: A Commitment to Diversity and Inclusion
Combatting Cybersecurity Threats
A Touch Point for Politicians and Other Regulators: FINRA’s Office of Government Affairs
Investing Smarter
FINRA360: Building a Stronger FINRA
Building A More Transparent Organization
What Does FINRA’s Chief Economist Do?
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