BoE will need to closely monitor shift to T+1 if it is to succeed – report
UK will move to accelerated settlement by 2027, even if rest of Europe has yet to align
The Bank of England (BoE) and the UK’s other regulators will have to closely monitor the implementation of next-day settlement, an industry task force has concluded.
In its latest report, published on September 27, the Accelerated Settlement Taskforce’s Technical Group sets out recommendations on how the UK can successfully transition from T+2 to T+1.
The UK plans to make the transition by October 2027. The hope is that the EU and Switzerland will switch at the same time. However, if the UK goes
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