Page 2 - Ericj Pan News Today

A new industry report recommends accelerating the U.S. securities settlement cycle to T+1, but said the shift won't be easy.

US markets will benefit from still strong growth, low-interest rates, and its world-leading tech sector,” analyst Josh Gilberts says.

<p><span>The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) today published a report targeting the first half of 2024 to shorten the U.S. securities settlement cycle from trade date plus 2 days (T+2) to trade date plus one day (T+1).</span></p>

Date 28/04/2021 The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) are collaborating on efforts to accelerate the U.S. securities settlement cycle from T+2 to T+1, the organizations announced today. Working closely with their members and other key stakeholders, the organizations are outlining key steps to shorten the cycle for secondary market transactions, identifying priority is...

Policymakers should conduct holistic review of short-term funding markets before considering reforms to further bolster money market funds’ resilience Washington, DC; April 12, 2021— ICI President and CEO Eric J. Pan issued the following statement regarding ICI’s letter to the Securities and Exchange Commission’s request for comments on potential options for money market fund reforms as detailed in the President’s Working Group (PWG) report. “Policymakers seeking to address ...

Eric J. Pan + FOLLOW Eric J. Pan is the president and CEO of the Investment Company Institute (ICI), the leading association representing regulated funds managing US$36.8 trillion in assets globally. Pan was previously a managing director of Rock Creek Global Advisors LLC, an international economic policy advisory firm. He was also a senior research fellow at Columbia Law School and has served as the director of the Office of International Affairs at the US Commodity Futures Trading Commi...