Banks in the EU and UK are under pressure to demonstrate operational readiness for next-day settlement, with one year until the T+1 deadline.
Capco partner Rollo Burgess: first regulatory milestone approaches in December; firms must prioritize process automation (especially trade confirmations) and standing settlement instruction management. Larger broker-dealers are largely on track but substantial work remains. AI rollouts compete for management bandwidth though AI may help longer-term.
Leaders should gather evidence programs are on schedule. “Meeting the T+1 deadline is one thing, but doing it right is another” — inventory and funding for same-day settlement may squeeze margins even if settlement KPIs look fine at October 2027 go-live.
Axiology CEO Marius Jurgilas argues banks should not stop at T+1: regulated digital securities infrastructure can support T+0 and atomic settlement today; regulators should enable wider adoption alongside T+1 transition so firms avoid another overhaul later.
Editorial piece dated 09 October 2026.