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More than a quarter of asset managers have yet to begin preparations for Britain's move to one-day securities settlement, a year before the deadline, according to an industry taskforce survey.
LONDON, Oct 13 (Reuters) — Asset managers are lagging in preparations for Britain's move to one-day securities settlement, with more than a quarter yet to begin work just a year before the deadline, according to a survey by the industry taskforce overseeing the transition. Britain, the European Union and Switzerland ar