Regulatory Outlook in Securities Services 2025

This white paper from Deutsche Bank presents an annual update on the regulatory and market forces affecting the global post-trade landscape in 2025. It outlines significant developments in areas such as accelerated settlement cycles, digital assets, and artificial intelligence (AI) governance. The document details the ongoing transition towards shorter settlement cycles, highlighting the shift from T+2 to T+1 settlement in various regions, including North America and Asia. It also discusses the maturation of regulations surrounding digital assets, emphasizing the need for clearer guidelines and safety measures in decentralized finance (DeFi) and centralized crypto assets. The paper further examines the regulatory landscape in Europe, Asia, and the United States, noting key initiatives and reforms aimed at enhancing market integration and operational efficiency. Overall, this resource serves as a strategic guide for industry participants navigating the complexities of an evolving regulatory environment.