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...In May, North American markets will shorten their settlement cycles to trade date (“T”) plus one day (“T+1”)....
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...T Rowe Price had the worst year for outflows in its history last year, as the knock-on effects of poor performance in 2022 were compounded by high interest rates aimed at reining in inflation....
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...The US move from T+2 to T+1, which comes into effect in May, has caused concern among EU fund managers as it will reduce the amount of time they have to settle US trades....
Whatever timeline Britain opts for, it may be out of sync with its US and European counterparties
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