News

India prepares for T+1 settlement launch

Indian stocksIndia is set to become the first equities market to move to next day settlement. The Securities and Exchange Board of India (Sebi) approved the move in September and set a date of February 25th for the move from T+2 to T+1. It will apply to the country’s two largest stock exchanges – the National Stock Exchange and the Bombay Stock Exchange. Sebi has stated that a shortened cycle not only reduces settlement time but also systemic risk by reducing the number of outstanding trades and freeing up capital to collateralise trades.  The US is also set to follow suit. The Depositary Trust and Clearing Corporation issued a roadmap in February 2021 that would see T+1 introduced in 2024. The US had first planned for such a move back in 2001, led by the Securities Industry Association, but the plan was postponed in July 2002 and it has taken 20 years for the proposal to be revived. © 2022 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...

Roundtables

Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.