With the EU and UK moving firmly towards T+1 settlement, the tone from larger market participants has been broadly confident. Industry surveys point to high levels of engagement among tier-one banks, prime brokers, and major custodians. Task forces are active, roadmaps are being published, and the regulatory machinery is in motion.
But look beneath that headline confidence, and a more troubling picture emerges.
A substantial sub-section of the market – the hundreds of smaller boutique managers, specialist credit funds, and mid-sized hedge funds that collectively represent a significant portion of European AUM – has yet to meaningfully engage with what T+1 will mean for their day-to-day operations.
For many, the assumption is that their prime broker, custodian, or outsourced middle office will simply absorb the change. That assumption may prove costly. This webinar looks at how the engagement levels and preparedness of those firms, and where their unique challenges lay.
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