Joining Wei-Shen on the podcast this week is Val Wotton, managing director and general manager for Institutional Trade Processing at the DTCC. They talk about the time left to US T+1, the assessment of firms’ readiness, as well as the SEC’s rule on affirmation rates.
5:30 – Val joins the podcast and gives an overview of his role at the DTCC
7:00 – The T+1 finish line is in sight
9:00 – Val walks through the status of affirmations in the industry
12:30 – Investment managers have three options
16:00 – FX funding is another challenge
19:30 – The SEC’s targets, potential consequences, and focus on adhering
31:00 – Move to T+1 in Europe, the UK and Asia
