Toespraak Richard Doornbosch over T+1

For compliance and operations teams, the message signals supervisory attention on readiness for shorter settlement cycles and on the industry's ability to execute change without disrupting market confidence. Firms should treat T+1 as a cross-functional programme spanning trading, post-trade, treasury, technology, data, client onboarding and third-party dependencies. Key actions include mapping current settlement workflows against T+1 requirements, testing trade affirmation and allocation processes, reviewing cut-off times and liquidity buffers, and strengthening exception management for failed trades.

Governance should ensure clear accountability, Board/SMF oversight where applicable, and evidence of readiness for regulators and counterparties. The speech does not announce a new rule or deadline; it reinforces strategic direction. Therefore, immediate regulatory filing obligations may be limited, but preparation urgency remains medium-to-high for firms with cross-border securities activity.

Risks include operational disruption, higher settlement fails, funding and liquidity pressure, and reputational damage if clients experience delays. Opportunities include reduced counterparty and operational risk, improved capital efficiency, and competitive advantage for firms with robust automated post-trade infrastructure. RegCanary recommends that compliance teams monitor AFM and EU-level T+1 guidance, engage industry working groups, and incorporate T+1 readiness into operational resilience and outsourcing oversight.