A study conducted in 2013 by The Depository Trust & Clearing Corporation (DTCC) found that the financial industry is spending a significant amount of money on middle- and back-office processes. With firms facing significant costs to meet new regulatory, risk management and compliance mandates, many financial executives are beginning to rethink the industry’s operating model by taking a fresh look at how market infrastructures can perform certain functions to help reduce risks and costs.
In two recently published articles, Donna Milrod, DTCC Chief Administrative Officer, explains the role market infrastructures can play in centrally managing redundant processes that do not provide a competitive or economic advantage:
“Alpha in Industry Infrastructure: Unlocking Value in Post-Trade Processing,” Tabb Forum, October 21
“How Financial Market Infrastructures Can Help Individual Firms,” Institutional Investor, October 11