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DTCC's GTR Named Regulatory Reporting Solution of the Year 2020

By Corinne Lee | November 3, 2020

DTCC’s GTR Named Regulatory Reporting Solution of the Year 2020

DTCC’s Global Trade Repository (GTR) service was recently honored with “Regulatory Reporting Solution of the Year” recognition at the FOW and Asia Capital Market Awards 2020. The Asia Capital Market Awards is the largest financial services awards ceremony that recognizes excellent performance by firms and individuals in the Asian capital markets.

Judged by a panel of specialists using their expertise to establish the top performer in each category, the award recognizes the GTR service as an essential solution for market participants’ regulatory Reporting obligations both regionally and globally.

Since setting up offices in Asia, DTCC has been working with the industry, regulators and counterparts to create capabilities that leverage data to enhance transparency and drive down costs in meeting regulatory obligations in the region. For multi-jurisdictional reporting outside of Asia, the team has been providing DTCC Asia-based clients with regionally based support and one-stop shop reporting services using the same platform and formats as locally based reporting to fulfil their global reporting requirements.

Ollie Williams, Head of DTCC Data Repository Singapore, said, “The award recognizes our team’s contributions in helping market participants meet their trade reporting obligations across multiple jurisdictions in Asia and across the globe. It is the extensive coverage and depth of support that market participants seek from DTCC that sets us apart. Wining this award would not have been possible without the commitment, dedication and support of the DTCC team across Asia and globally.”

Today, DTCC has more than 400 clients in Asia and Japan reporting approximately 3 million open positions under the Australian Securities and Investment Commission (ASIC), the Financial Services Agency (JFSA), the Monetary Authority of Singapore (MAS) and the Hong Kong Authority (HKMA) obligations per month.