U.S. Securities and Exchange Commission Chair Gary Gensler has urged Britain to set a date for halving the time it takes to settle a stock trade. Speaking on Thursday, Gensler emphasized that the UK and other markets should move to faster settlement times for currency trading to align with the US and Asia. This transition to a T+1 settlement system is seen as a critical step in enhancing market efficiency and reducing risks. Gensler's call for a firm transition deadline aims to ensure that the UK keeps pace with global financial markets.
Gary Gensler tells UK to set firm T+1 transition deadline https://t.co/DjXc45Dc7I
T+1 for everyone? SEC chair Gary Gensler says the UK and other markets should move to faster settlement time for currency trading to align with the US and Asia. @ElleBeyoud https://t.co/mZ4qg5upfW via @markets
SEC Chair Says Markets Should Move to Faster Currency Settlement: BBG The currency known as bitcoin fixes this
SEC chair Gary Gensler says the UK and other markets should move to faster settlement time for currency trading to align with the US and Asia https://t.co/GBs6xJto0t
🔵 US URGES BRITAIN TO PICK A DATE FOR STOCK MARKET SHAKE UP Britain should set a date for halving the time it takes to settle a stock trade - and stick with it, U.S. Securities and Exchange Commission Chair Gary Gensler said on Thursday. Full Story via Reuters on PiQ Suite -…