Bankowość · 07/06/2018

OCC and FDIC Adopt Final Rule to Shorten Securities Settlement Cycle

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are implementing a new rule to reduce the standard settlement cycle for securities transactions involving national banks, federal savings associations, and FDIC-supervised institutions, in line with an industry-wide shift to a two-business-day settlement cycle.