The Office of the Comptroller of the Currency and the FDIC issued a final rule that will shorten the standard settlement cycle for securities transactions from T+3 to T+2.
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The Office of the Comptroller of the Currency and the FDIC filed a proposed rule change that would shorten the standard settlement cycle for securities sold and purchased by banks.
The Office of the Comptroller of the Currency provided banks with guidance on the forthcoming transition to a T+2 standard settlement cycle for securities transactions.
The Federal Reserve Bank and the Office of the Comptroller of the Currency fined a bank for failing to monitor firm and client trading activities.