Recent developments in the global financial markets have raised concerns among European asset managers regarding the acceleration of stock market settlement times in the United States. This move, aimed at halving the time it takes to complete a stock trade, is feared to pose a 'systemic risk' to Europe's financial stability. Asset managers have highlighted that without additional time to adjust, the faster U.S. settlement cycle could jeopardize as much as $70 billion of daily currency trading, potentially resulting in '$70bn of failed trades each day'. This situation has prompted calls for global regulators to intervene in order to mitigate potential disruptions and failed trades that could arise from this shift.