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“Time is Money. Time is Risk” Prepared Remarks before the European Commission

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki“Time is Money. Time is Risk” Prepared Remarks before the European Commission

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler urges European traders of US shares to be ready for next-day settlement.

Problems raised
  1. Slow settlement adds risk to markets.
  2. Some foreign participants want a delay.
  3. Firms trading in the US must prepare for T+1.
Solutions proposed
  1. Shorten settlement to one day.
  2. Urge foreign participants to be ready.
  3. Consider whether settlement could go even shorter.
Read full speech on sec.gov ↗

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