Gary Gensler, the new chair of the SEC, is provisionally endorsing the industry effort to shorten trade settlement time from T+2 to T+1 as evidenced by his recent testimony before the U.S. House Committee on Financial Services, overseen by Chairwoman Maxine Waters (D-CA). “I believe shortening the standard settlement cycle could reduce costs and risks… Read More >>
Congress Asks 37 Banks to Quantify Their Diversity
The diversity question is hitting home for 37 major financial services firms in the U.S. in a new way. Congresswoman Maxine Waters (D-Calif.), chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-Ohio), chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, recently sent out letters asking these firms to quantify… Read More >>
An IT Veteran from UBS Joins DTCC as Congress Picks Top Posts for House Financial Services Committee
UBS IT Veteran Joins DTCC The Depository Trust & Clearing Corp. (DTCC) has hired an IT management veteran from UBS Christopher M. Behney as managing director, head of enterprise production assurance (EPA) and head of DTCC’s Dallas, Texas office, officials say. Behney will report to Robert E. Garrison, the managing director and chief information officer… Read More >>
