Skip to main content

Related Information

Bank of England's Tucker: CCPs Are Systemic Risk Managers

The event hosted by DTCC and the Centre for the Study of Financial Innovation (CSFI) marked the launch of the CSFI Fellowship in Post-Trade Architecture sponsored by DTCC.

Peter Norman, former Financial Times journalist and author of two books on post-trade infrastructure, Plumbers and Visionaries and The Risk Controllers, was named as fellow. The year-long fellowship is aimed at assessing the need for a clearer vision on the direction of the post-trade infrastructure for a global financial system that is increasingly interconnected.

“The DTCC-CSFI Post-Trade Fellowship will provide thought leadership and provoke debate through a program of carefully themed roundtables and dinners with leading participants from the industry, regulation and politics, as well as selected media representatives,” said Norman. “The fellowship will address big policy questions such as the systemic importance of post-trade infrastructures. It will ask, for example, whether the authorities are expecting too much of post-trade infrastructures in general and, whether, in the process, they are encouraging institutions that could exacerbate, rather than mitigate, the next great financial crisis.” As part of the fellowship, Norman will author a comprehensive report on the future direction of Europe’s post-trade infrastructure, targeted for publication in 3Q 2012.

About CSFIThe CSFI was founded in 1993 as a not-for-profit think tank based in London. Its sponsors include many of the top institutional names in finance, as well as official organizations and professional firms. CSFI’s purpose is to provide an independent forum where financial practitioners and close observers of the business can share ideas and explore the road ahead, free from competitive constraints. For more information, visit