Innovation in UK Financial Markets - shortening the settlement cycle – speech by Sasha Mills

Given at the UK T+1 Accelerated Settlement Market event, hosted by KPMG
Published on 20 February 2025
The industry Task Force has set out a roadmap to shorten the UK securities settlement cycle to T+1. In her speech, Sasha Mills explains why it is important that firms and settlement infrastructures put in place plans for sustainable change that can bring long term efficiencies, while maintaining resilient settlement processes. As part of this effort, the Bank looks forward to continuing to have dialogue with regulators in other markets which are pursuing similar changes.