Derivatives Market Regulation: A View from the United States

Larry Thompson, General Counsel, The Depository Trust & Clearing Corporation Financial Markets Law Committee
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

Remarks by William Aimetti, Senior Advisor, The Depository Trust & Clearing Corporation
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

Remarks by Larry Thompson, General Counsel, The Depository Trust & Clearing Corporation
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”

Remarks by Donald F. Donahue, President and Chief Executive Officer, The Depository Trust & Clearing Corporation
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

Larry Thompson, General Counsel, The Depository Trust & Clearing Corporation Keynote Address - Derivatives Update: Impact of Dodd-Frank
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

Remarks by Donald F. Donahue, President and Chief Executive Officer, The Depository Trust & Clearing Corporation
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

Managing Risk in a Post-Crisis World: The Role of Internal Audit

Remarks by Donald F. Donahue, President and Chief Executive Officer, The Depository Trust & Clearing Corporation
What I want to talk about today is how Internal Audit’s transformation at DTCC is not only part of a comprehensive change in how we face risk within our organization, but is also a critical driver of that change.

SIFMA Internal Auditors Society New York, NY, April 6, 2011

A Buy-Side and End-User Perspective on the Safety and Liquidity of the Swaps Market

Michael Bodson, Chief Operating Officer, The Depository Trust & Clearing Corporation
The reform of the U.S. financial system has been one of the most talked about, dissected and critiqued issues that I can remember in a long time.

Opening Remarks, Thought Leadership Forum, Washington, D.C., March 29, 2011

Welcome Remarks: Conference on Managing Counterparty and Systemic Risk Under Dodd-Frank

Remarks by Donald F. Donahue, Chairman and Chief Executive Officer, The Depository Trust & Clearing Corporation

The rulemaking process here in the U.S. is moving at warp speed as, in response to the mandate from Dodd-Frank, regulators look to propose, revise and finalize hundreds of new rules that will literally transform market structure in virtually every area of financial services – and to do it all by the July 2011 legislative deadline set by Congress.

Conference on Managing Counterparty and Systemic Risk Under Dodd-Frank, NYU Stern School of Business, Henry Kaufman Management Center

Transformation and Risk Management – DTCC 3.0

Remarks by Donald F. Donahue, Chairman and Chief Executive Officer, The Depository Trust & Clearing Corporation
Our industry is involved in a radical reappraisal of how we manage risk. The reality is that we’re entering a period of transformational change – a metamorphosis in the regulation and oversight of financial systems that hasn’t been seen or experienced in almost 75 years.

3rd Annual DTCC Executive Forum, New York, NY