This week, Javier Hernani, head of securities services at SIX, joins Wei-Shen on the podcast. They discuss the key takeaways from shortening the settlement cycles in the US, Canada, and Mexico, and the landscape for what needs to happen for Europe, UK, and Switzerland’s own move to T+1.

7:30 – Javier gives an overview of his role and dislike of the term “post-trade”

12:30 – The key takeaways from North America’s move to T+1

16:30 – What was the total investment in moving to T+1

21:00 – An opportunity to improve

23:00 – Lessons the EU, UK, and Swiss markets can apply

33:30 – The number of CSDs does not make it more complicated

35:30 – Why harmonizing EU’s securities services matters

40:30 – Balancing efforts for T+1 and DORA