Corporate Actions

Understanding the impact of corporate actions is necessary when contemplating the right investment strategy. This impact is driven by timely awareness, accuracy, and attention to detail. In this blog, S&P Global Market Intelligence's Managed Corporate Actions™ team will discuss some of the most dominant corporate actions announced each month and the roles they take in the marketplace. Read more

With the announcement of a May 28, 2024 deadline for the implementation of T+1 in the US equity market, participants - both domestic and international - have been looking seriously at the implications for their own operations. The sense of urgency varies, however, both along the transaction chain and across borders.

With the implementation date of T+1 in the United States and Canada now clarified, market participants much plan how to adjust their operations, processes and technology for May 28th, 2024. This is a significant process, regardless of the size of the firms. There are many unanswered questions, but now is the time to prepare.

Listen to what industry experts have to say about the implications of T+1 Settlement on the global securities market in our ‘Time to Settle Podcast Series’, a three-part series developed with Global Custodian to address key challenges and raise awareness about best practices and solutions to help firms meet the new regulatory requirements.

The drive for global markets to move towards shorter settlement cycles and the fast-approaching #T+1 settlement deadline, means firms need to update systems and replace antiquated frameworks with robust and flexible processes. Gain expert insights from our recent article developed with PostTrade 360° to learn how you can make your firm systems and process ready in preparation for this regulatory change.

How can we build scale into our corporate actions today? In the face of numerous challenges across the event lifecycle, how and where are we transforming our operating models to support growth? Read our report to uncover the key findings from a recent industrywide survey conducted in association with The ValueExchange and International Securities Services Association (ISSA); highlighting the need for firms to increase scalability in their corporate actions operating models.

Technology in the corporate actions industry was a major topic at this year’s CorpActions London conference, with rapid changes in regulatory, client and market demands meaning that companies are having to continually reevaluate their operating models.

With volumes reaching historical peaks and people challenges at their most acute, how can all profiles of market practitioners drive scale in their asset servicing? Listen to our recent podcast in association with The Value Exchange to gain insights from our own Madhu Ramu and other industry experts as they dig into the key factors at play in shaping the right operating model for the back office today.

While SCoRE standards aim to drive harmonization toward everyday workflow and messaging for corporate actions, they have been competing for attention against other regulatory initiatives in the European Union. How can firms position themselves to benefit from the required changes to their current workflow standards for securities processes? Read more.

The Securities and Exchange Commission (SEC) has recommended moving the US Settlement process from T+2 to T+1 to reduce risk and strengthen and modernize securities settlement in the US financial markets. The question is, is the industry really ready for such an impactful change and the potential upheaval that such a change will bring, and what about the international impact? Read more

Post-trade legacy technology is one of the central themes of our time. We've never seen so much market disruption, so much customer change and so many new technologies all present themselves at the same time or create so much pressure on our operating systems. This 'Key Findings Report' explains where the post-trade LegacyTech hotspots are in our industry today, why those hotspots are a problem, and where we are seeing the transformation. Download the report

We are excited to share the Key Findings report from our industry-wide 'Transforming Legacy Tech' benchmarking campaign run in association with The ValueExchange, Digital Asset and The Network Forum. Read the full report.

A recent panel discussion with industry experts from Morgan Stanley, Goldman Sachs and S&P Global revealed key insights on how COVID-19 has impacted the world of corporate actions. This blog explores the ways in which the pandemic has forced firms to transform their corporate actions operations to keep up with recent industry trends around managed services and technological advancements.

For firms with asset servicing functions, executing their business strategy better, faster, and cost-efficiently has never been more critical. S&P Global’s Madhu Ramu looks at the key trends in corporate actions and how managed services can be leveraged to transform corporate actions operations? Read more.

The pandemic has shone a light on the need for accelerated adoption of new tools that will drive inorganic innovation and growth in the asset servicing space. Asset Servicing Times recently ran and Innovation Panel where panelists, including S&P Global, discussed how technology will help asset managers find a competitive edge and innovate their solutions. Read the full article.

Over the past 18 months, the pandemic and the Robinhood saga have put operational risk in asset servicing under the spotlight, as experts say replacing legacy systems and treating operational risk holistically will help companies manage it with greater robustness. Read full article

As the world of asset servicing becomes more global and diverse, the complexity of corporate actions is increasing with it. The ever-elusive 'Golden Record' continues to haunt all functions, while the operations teams managing these functions are looking to shift towards more analytical tasks. These two factors along with increased regulatory pressures drive significant demand for outsourcing corporate actions functions. Read this post on how S&P Global recognized these challenges and launched the Managed Corporate Actions - Agent Validation Service (AVS). Read blog post.

The DLT Voice of the Customer Working Group (WG), with participation from S&P Global, recently conducted a survey of Asset Owners and Investment Managers to highlight where they are on their journey towards DLT based investments (tokenised assets, Crypto currencies). The intent was to understand their motivations and challenges as well as validate what they want and need from the Securities Services industry. Please read this article to find out more.

In this recent Asset Servicing Times article, our own Richard Wilson, and other contributors discuss how the Nordics boast a harmonised infrastructure, which works particularly well when responding to regulation, but technology will be the key to unlock further opportunities for success

Members of the International Securities Services Association (ISSA), including S&P Global, formed a working group to assess the state of adoption of ISO 20022 in the securities industry. ISSA released its report and S&P Global presents its insights and key takeaways. Read our blog post and the full ISSA report.

Although the COVID-19 pandemic saw the corporate actions industry face many challenges, it has provided a significant catalyst to change. Industry experts discuss the lack of standardisation, increasing external demands, the optimum vision for corporate actions space and more. Read full article

For investment banks and brokers in the Asia Pacific region, the trading landscape is changing rapidly and creating a new sense of urgency around the need for operational efficiency, especially when it comes to corporate actions processing.

Experts say DLT has the potential to open the floor to all kinds of innovations if it can become a regulatory and legally integral part of Germany’s business. Read this recent article by Maddie Saghir at Asset Servicing Times with comment from our own Ankush Zutshi. Read full article.