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UK races to keep up after US pushes ahead on T+1

A firm deadline for T+1 in the US has hastened discussions in the UK and Europe

Moves to cut settlement times are being closely watched by officials in the City
Moves to cut settlement times are being closely watched by officials in the City Photo: Isabel Infantes/Getty Images

The move to T+1 settlement in the US has pushed the UK to speed up its own plans.

The UK’s Accelerated Settlement Taskforce was initially set to publish an interim report by the end of 2023 on how the City could move to settling trades within a day of the transaction.

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