Risk Managers’ Fears Grow Over High-Impact Event: Survey Fears over the threat of “a high-impact event” is increasing among risk managers, according to the latest DTCC Systemic Risk Barometer Survey. The new survey on risk trends among those in the financial services industry shows that 61 percent of risk managers “believe the probability of a… Read More >>
Q&A: Firms Still in Limbo over T+2 Changes
(Editor’s Note: Matt Rodgers, senior manager at business consultancy Sapient Global Markets, thinks that it’s a little premature to know what IT infrastructure and solution changes will be required for the transition to trading day plus two settlement (T+2). The efforts of the DTCC, the Securities and Financial Market Association (SIFMA) and major industry players… Read More >>
DTCC Debuts ‘Data as a Service’ Offering
DTCC Debuts ‘Data as a Service’ Offering Post-trade services utility, the DTCC is launching its data as a service (DaaS) offering that is intended to change the way data is accessed and presented from DTCC’s clearing, settlement, asset servicing and derivatives trade reporting solutions, DTCC officials say. “The DaaS offering provides subscribers access to their… Read More >>
Soltra Readies Network to Share Cyber-Threat Intelligence
Soltra, a joint venture of the Financial Services Information Sharing and Analysis Center (FS-ISA) and the DTCC, reports that, over the next several months, it plans to roll out the Soltra Network, which is meant to “connect cyber threat intelligence sharing across intelligence producers, intelligence consumers, communities and cyber security tools.” The Soltra Network will… Read More >>
DTCC Confronts the Systemic Risks of Being Too Connected
Post-trade market infrastructure provider the DTCC is spreading the notion at SWIFT’s Sibos event that the global financial services ecosystem is now so tightly linked that it is creating a new, higher level of risk where one connection in a key chain of systems could fail and cause a lot of damage to all connected… Read More >>
Sibos Preview: Time to Harmonize ISO 20022-based Ops?
Harmonization around the ISO 20022 standard will be one of the key themes at the Sibos annual gathering of the financial messaging cooperative SWIFT, underway this week in Singapore at the Sands Expo and Convention Centre of the Marina Bay Sands complex. As the ISO 20022 standard has been gaining ground among industry players, SWIFT… Read More >>
New Collateral Management, Margining Rules to Sting as Regulation Takes Hold
Securities firms are going to feel over the coming months multiple stings of regulation via Dodd-Frank, the EU’s European Market Infrastructure Regulation (EMIR) legislation and Basel III that will cause collateral management and margining requirements and calls to skyrocket. So says industry veteran Ted Leveroni, chief commercial officer for DTCC-Euroclear GlobalCollateral Ltd., a joint venture… Read More >>
Is the T+2 Move Worth the Pain?
(Editor’s note: As FTF News has reported previously, some large buy- and sell-side firms have begun the hard work of revamping infrastructures, workflows and budgets to facilitate the move to the shorter T+2 settlement cycle. Recently, we had the chance to speak to Ryan Burns, a senior vice president and co-manager of the Global Fund… Read More >>
People Moves for DTCC in the U.K., Bats Global Markets and Orc
DTCC Predicts 40% U.K. Workforce Y2Y Increase The DTCC, a post-trade market infrastructure for the financial services industry, reports a “significant expansion of its workforce across the firm’s primary European locations,” which are in both London, England, and Wrexham in north Wales. DTCC predicts that it will have approximately 700 employees in the UK by… Read More >>
LSEG, DTCC Join Forces for MiFIR Reporting
The DTCC and the London Stock Exchange Group (LSEG) are partnering to provide clients with a connection to regulatory reporting technology vendor UnaVista’s Approved Reporting Mechanism (ARM), a service that enables DTCC clients to comply with the Markets in Financial Instruments Regulation (MiFIR) reporting requirements, officials say. UnaVista is the LSEG’s hosted platform for matching,… Read More >>
