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2013 Press Releases
May 13, 2013DTCC AND EUROCLEAR TO LAUNCH JOINT COLLATERAL SERVICEBrussels and New York, May 13, 2013 – Euroclear and The Depository Trust & Clearing Corporation (DTCC) have signed a Memorandum of Understanding to create a joint collateral processing service which will significantly increase efficiency, reduce risk and support the growing collateral needs of industry participants.
May 09, 2013DTCC SURVEY SHOWS IMPACT OF NEW REGULATIONS AS TOP CONCERN IN ADDRESSING SYSTEMIC RISKSNew York, NY – May 9, 2013 – The impact of new regulations in the financial services industry is by far the most important systemic-risk concern facing the global capital markets, according to a recent client survey conducted by The Depository Trust & Clearing Corporation (DTCC). The survey revealed that 82% of industry leaders ranked meeting new regulatory requirements as a top concern in mitigating systemic risks.
May 07, 2013STATEMENT ON THE HOUSE FINANCIAL SERVICES COMMITTEE PASSAGE OF H.R. 742New York, NY – May 7, 2013 – The Depository Trust & Clearing Corporation (DTCC) General Counsel Larry Thompson today issued the following statement in response to the U.S. House of Representatives Financial Services Committee passage of the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 (H.R. 742).
May 02, 2013STATEMENT BY DTCC GENERAL COUNSEL LARRY THOMPSONNew York, NY – May 2, 2013 – The Depository Trust & Clearing Corporation (DTCC) and the DTCC Data Repository (U.S.) LLC (DDR) today filed a lawsuit challenging three interrelated actions by U.S. Commodity Futures Trading Commission (CFTC) and asking a federal court to vacate the Commission’s approval of Chicago Mercantile Exchange, Inc. (CME) Rule 1001 and IntercontinentalExchange Inc. (ICE) Rule 211.
April 24, 2013DTCC LAUNCHES NEW LOAN/SERV BALANCE RECONCILIATION PLATFORM New York and London, April 24, 2013 – The Depository Trust & Clearing Corporation (DTCC) announced today that it has launched a new Loan/SERV reconciliation platform called Balance Reconciliation that simplifies the reconcilement process for lenders by focusing on balances only.
April 22, 2013PETER TIERNEY JOINS DTCC AS REGIONAL HEAD OF ASIA, DTCC DERIV/SERV New York / Singapore - April 22, 2013 -- The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of Peter Tierney as Regional Head of Asia, DTCC Deriv/SERV LLC. Tierney will be based in Singapore, and serve as head of business operations in Asia. He will report to Stewart Macbeth, CEO, DTCC Deriv/SERV LLC.
April 15, 2013DTCC EXPANDS TAMPA OPERATIONSTAMPA, Fla. (April 15, 2013) – The Depository Trust & Clearing Corporation (DTCC) announced today that it has chosen Tampa as the expansion location for up to 255 high-wage, new jobs with total average compensation more than double the regional average salary of $46,000. In addition, the company announced a $4.8 million investment in its only Florida campus as part of the company’s long-term expansion strategy.