In 2013, DTCC issued "Beyond the Horizon: A White Paper to the Industry on Systemic Risk," which identified a number of emerging trends that could potentially impact the industry's ability to protect against new threats to the global financial system. The paper reported that systemic risks are growing in complexity, are more difficult to anticipate and that new gaps continue to surface.

The paper received worldwide attention from regulators, the industry and the media, helping to spark a dialogue among market participants on the need for continued vigilance to protect against new and evolving forms of systemic risk.