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Banking marketsJune 4

T+1 rollout in Europe to cost millions more than in North America, says study

Research estimates that budget for European T+1 projects for a big global custodian likely to top $36mn

by Michael Klimes

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T+1 rollout in Europe to cost millions more than in North America, says study

Europe’s shift to T+1 is more challenging due to its fragmented market structure, multiple currencies and divergent regulatory practices © Getty

Financial institutions will have to pay considerably more to implement T+1 in Europe compared to North America due to the greater complexity of the European market.

Findings from Firebrand Research, a capital markets research and advisory firm, show that it could cost a large global custodian many millions of dollars more to carry out T+1 projects in Europe.

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Michael Klimes

Michael Klimes is the investment banking and capital markets editor at The Banker. He joined the publication from Money Marketing where he was acting editor. He wrote about pensions for nine years on the retail and institutional side. He won B2B pensions journalist of the year at the Headline Money Awards 2022.

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