The Oasis Group, a consulting firm for financial services and FinTech clients, has released a whitepaper discussing the implications of T+1. The whitepaper is available as a free download via their website: https://www.theoasisgrp.com/download.html.
Announced in April of 2021 by the Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC), the collaborative effort would accelerate the U.S. securities settlement cycle from two days (T+2) to one day (T+1). This plan is proposed to take effect in 2023 and is supported by the chairman of the Securities and Exchange Commission (SEC), Gary Gensler.
This move has far reaching implications for not only the individual investor, but also the market’s efficiency, wealth management, and financial technology firms. The whitepaper, written by The Oasis Group’s founder, John O’Connell, discusses in detail what implications may lie ahead along with how to prepare your firm for this historic change.
About The Oasis Group
The Oasis Group helps financial services and financial technology firms with all aspects of generating revenue, managing risk, and establishing world class technology solutions. Their team is composed of seasoned professionals who led enterprise teams in publicly traded and start-up companies. They are poised to help take your organization to the next level of performance – whether you’re a start-up, emerging business, established firm, or a publicly traded company.
About John O’Connell
With more than 28 years of leadership experience in both emerging businesses and mature established organizations, John has been helping businesses in the financial services and technology sectors grow. With in-depth knowledge and a plethora of experience, John seeks to help firms understand their roadblocks and to overcome them – with the T+1 move being one of those.
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Source: Story.KISSPR.com
Release ID: 175356