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 >>
Is Regulatory Reform Causing Systemic Risk?
A strange irony is underway in the financial services industry. A recent client survey conducted by the DTCC finds that compliance with the regulatory onslaught is causing securities firms the greatest concern over systemic risk. A whopping 82% of clients say that meeting regulatory requirements strains their focus on day-to-day risk—effectively undoing the point of… Read More >>
A Standard for Collateral Management Settlement?
SWIFT, the DTCC and AcadiaSoft, maker of a margin messaging platform, are exploring ways via preliminary tests with clients to standardize an infrastructure for bilateral and tri-party collateral management settlement. But some industry observers want independent industry groups without a profit motive to lead these much-needed efforts to end manual processes and reduce systemic and… Read More >>
