Financial regulators and capital market participants have laid out a path to shorten the standard settlement cycle to the trade date plus one business day (T+1) by September 3, 2024. The transition to T+1 means that shortening the settlement cycle can mitigate risk, increase overall efficiency, and allow for better uses of capital. Panelists will cover the advantage of having a unified, open-source technology platform (like Morphir, Legend) and application interoperability to help manage this significant transition. In this talk, the speakers will:
- Demonstrate the benefits of the Lakehouse in the ingestion, processing, validation, and transmission of regulatory data.
- Address the need for organizations to ensure consistency, integrity and timeliness of regulatory pipelines.
- Show how capital market firms could bring full transparency and confidence to the regulatory data, reducing operation costs and adapting to new standards like T+1. Given the timeline of implementation, 2022 has been labeled the year of impact analysis and securing budgets and management buy-in.
