The TM Bulletin: February 2025
Thomas Murray
Global Risk Intelligence | Safeguarding clients and their communities since 1994
Welcome to our latest newsletter, where we highlight the key developments and innovations shaping the financial industry.
In this edition, we cover everything from T+1 settlement updates in the EU and UK, to the DORA Register of Information April deadline, and Operational Due Diligence. We’ll explore how advanced technologies and solutions are revolutionising risk management.
We’re here to guide you through the latest insights, industry trends, and company updates, including recent webinars and upcoming events. Whether you're focused on staying ahead of regulatory compliance, mitigating risk, or discovering the latest advancements in financial technology, we have the resources to assist.
Let’s dive into the latest news and updates from Thomas Murray.
Financial Market Infrastructure | T+1 Settlement?
T+1 Takes Hold: The Opportunities and Challenges Facing European Markets
Following the US transition to a T+1 settlement cycle, the UK, EU and Switzerland have begun producing industry consultations on this topic with alacrity. In November 2024, ESMA published its final report on the T+1 settlement cycle, setting a target implementation date of 11th October 2027. Announcements made in January 2025 from both the Swiss Securities Post-Trade Council (swissSPTC) and the UK’s Accelerated Settlement Taskforce (AST), expressed their intent to adhere to the EU’s target migration date. In February 2025, the European Commission drafted legislation to codify the migration date into EU law, and the UK government accepted all of the AST’s recommendations.
DORA | Regulations
DORA Register of Information (RoI)
Between 1 April 2025 and 15 April 2025, financial entities are required to submit a detailed document outlining all contractual arrangements with ICT third-party service providers to their competent authority. This requirement is applicable across Europe; however, the format of the document varies by country, compounding the complexity of the task for organisations. Thomas Murray is offering ROI as a service to help you meet the regulatory deadlines and the explicit data quality requirements, including:?
Funds | Operational Due Diligence | Investment Manager Monitoring
The Essentials of Operational Due Diligence on Investment Managers
For Asset Allocators, Operational Due Diligence (ODD) is a cornerstone of safeguarding assets and managing risk. In an industry defined by complexity, compliance demands, and an ever-increasing volume of data, ODD plays a critical role in identifying operational risks and ensuring the reliability of external fund managers and counterparties.?
As regulatory frameworks tighten and resources remain constrained, embracing a streamlined and technology-driven approach to ODD has become imperative. This article explores the foundational elements of ODD and the transformative role of technology in modernising the process.?
Events
Webinars
In February, we hosted two insightful webinars designed to help you stay ahead in cyber security and risk management. You can conveniently access all the webinar recordings on our YouTube channel: Thomas Murray - YouTube.
1. Red is the new Blue: Purple teaming set to become the next level threat informed validation tool - watch here
2. Insights From the Front Line: What you need to know to minimise your organisation’s cyber risk in 2025 - watch here
Cyber Risk Management
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Thomas Murray Cyber Risk team is committed to keeping you informed about the latest cyber security threats and trends. With our?cyber alerts, you'll receive timely and actionable information on serious vulnerabilities that could impact your business. Get cyber intelligence delivered straight to your inbox: Subscribe now
For more industry insights, check out our newsletters
Risk Committee Updates - Monthly highlights from our experts’ assessments of markets and entities.
Cyber Series - Go behind the headlines with a weekly deep-dive into what’s shaping our digital world.
DORA Digest - Expert insights and analysis to help you on the DORA compliance journey.