Thought Leadership
Speeches & Presentations
Thought Leadership Speeches & Presentations
Don't Let the Perfect Be the Enemy of the Good
Market infrastructures like clearinghouses, global trade repositories and electronic trading platforms will play a prominent role in this new regulatory landscape. Policymakers are relying on them to bring greater transparency and risk mitigation to global financial markets. However, for all the potential of these entities to support regulatory oversight and systemic risk management, their impact may not be fully realized.
International Organisation of Securities Commissions, Board Roundtable on Risk , October 3, 2012
Derivatives Trading in the Era of Dodd-Frank’s Title VII
Tick…tick…tick. Yes, that sound you hear is the clock ticking ever louder. And the reason you hear it so clearly right now is that in just 36 days – October 12 to be precise – financial institutions will need to begin complying with a host of new swaps rules. Among them are real-time public reporting of swap transaction and pricing data, position limits for certain physical commodity futures and reporting of derivatives transactions to swap data repositories.
IMN Conference – Derivatives Trading in the Era of Dodd-Frank’s Title VII September 6, 2012
The Gold in the Data Hills: Mining it, Refining it and Using it
The topic on the table this morning is data: mining it, refining it and using it. The insurance industry, of course, has always embraced the most advanced ways of working with data. That’s why you have organizations like ACORD. Data is your bread and butter. It’s what actuaries feed on. They’re voracious. They’re the original “data-vores”. And today they use data not just to measure and calculate risk, but to define market segments, gauge returns on investment and monitor leverage.
April 25, 2012, The Harmonie Club, 4 E. 60th St., New York, NY
Market Infrastructure Outlook for 2012 and Beyond
Thank you, Jorge. Good morning, everyone. As always, it’s a pleasure to take part in a gathering of ACSDA members. It gives me a chance to catch up with old friends, make new friends, and share ideas and plans with my colleagues in the infrastructure business.
It’s also an honor to be here in Cartagena, because this city has an unusual link to General George Washington, the first president of the United States. About 40 years before General Washington became president, his older brother, Lawrence Washington, accompanied the British Admiral Edward Vernon to Cartagena.
29 March 2012, Cartagena de Indias, Colombia
Derivatives Market Regulation: A View from the United States
Trade repositories are, in fact, an essential part of Dodd-Frank. Along with swap execution facilities and clearinghouses, they form the three pillars of the Dodd-Frank infrastructure. Repositories are the key to bringing transparency to the swaps derivatives markets because they will hold the underlying transaction data on all swaps derivatives trades.
Financial Markets Law Committee November 14, 2011, New York, NY
Insights into Leadership of Market Infrastructures
Whatever you hope to achieve, and however well you achieve it, I can only say that you are working among some of the most exciting markets in some of the most exciting economies in the world. There’s a lot of room for experimentation, a lot of room for growth, and a lot of room to reduce costs and risks while expanding the services you offer your members and customers, including all those additional customers you likely will be serving through expanded networks and imaginative infrastructure tools.
3rd ACSDA Leadership Forum Buenos Aires, November 10, 2011
Pre- to Post-Trade Implementation of Dodd-Frank and Regulatory Reform: Washington Update
Today…what I’d like to focus on are three matters. One is the timetable for phasing in the swaps portion of Dodd-Frank. Then I will talk about the work the industry needs to do cooperatively and collectively to offer a uniform approach to the regulatory agencies. And finally I will touch on some of the details in the proposed regulations that may prove to be more important than we imagine right now...
SunGard New York City Day Conference June 20, 2011, New York, NY
The Infrastructure as “Cloud”
I want to talk about clouds today, as in the concept of “cloud computing,” – more particularly, how the industry’s infrastructure already today operates in a kind of “cloud” role and can increasingly do so in the future...
SIFMA Financial Services Technology Leaders Forum New York, June 14, 2011
Derivatives and Dodd-Frank: The Drive for Certainty and Clarity
It feels like we’re in the seventh inning stretch right about now. A good deal—but not all—of Dodd-Frank’s proposed rules have been made public. The agencies and the industry now have a brief moment to catch their breath and take a fresh look at them before heading into the final innings. While the law calls for the rules to be completed and implemented by July 16 – about five weeks from today – the reality is that we’re headed into extra innings...
Financial Markets World conference June 9, 2011, New York, NY
Why the Chicken Won’t Cross the Road: Rethinking Risk Management
While new regulations coming out of Dodd-Frank will affect all of us, including DTCC, they also affect the Fed and its regulatory mandate. What this means is that our work at DTCC to maintain the infrastructure and control risk is now one of the key items on the Fed’s “check list.”
Securities Industry and Financial Markets Association (SIFMA) 38th annual Operations Conference May 2, 2011, Boca Raton, FL