Although significant progress has been made during the last eight years towards establishing a global reporting framework for OTC derivatives transactions, work still needs to be done around data consistency, aggregation and access
DTCC-Euroclear Global Collateral (GlobalCollateral) and NEX have partnered in an effort to streamline and improve over-the-counter (OTC) derivatives margin call processes
More than 80 percent of participants at a recent DTCC Financial Technology Symposium thought innovation and fintech have made cyber defence and cyber resilience more difficult
DTCC, which released the paper on 20 March, said there “is a need for additional efforts around specific cyber-scenarios and limited industry-wide testing”
The proposals look to provide better access to shortened settlement processing options, for both pre-and post-trade transactions, while improving straight through processing
Cyber risk remains the number one threat to financial stability in 2018, according to a new survey published by the Depository Trust & Clearing Corporation