DTCC Connection

Nov 03, 2015 • DTCC Connection

DTCC Makes Key Announcements at Sibos

GCSwift a Sibos
Ian Dalton, Director, Global Head of Marketing, Euroclear SA/NV, Mike Shipton, DTCC-Euroclear GlobalCollateral Ltd. Chief Executive Officer, Ted Leveroni, DTCC-Euroclear GlobalCollateral Ltd. Chief Commercial Officer and Fabian Vandenreydt, Head of Markets Management, Innotribe and the SWIFT Institute.

A new white paper on interconnectedness risk and a new cyber threat information sharing network were among a host of announcements from the Depository Trust & Clearing Corporation (DTCC) at Sibos.

DTCC-Euroclear Global Collateral Ltd. and SWIFT Hold Signing Ceremony

DTCC-Euroclear Global Collateral Ltd., signed on to use Swift’s MyStandards platform, a web-based tool that manages standards use in an institution. DTCC-Euroclear GlobalCollateral, a joint venture between DTCC and Euroclear, will use the MyStandards platform as a repository for all messaging standards and as a testing platform to help make the business of mobilizing collateral easier for the industry.

“In order to decrease risk and promote operational automation and efficiency, DTCC-Euroclear GlobalCollateral Ltd. is committed to supporting standards in the collateral management space,” said Ted Leveroni, Chief Commercial Officer of DTCC-Euroclear GlobalCollateral Ltd. “Leveraging SWIFT’s MyStandards platform advances this cause by ensuring that the messaging our products utilize are compliant with the most up to date SWIFT formats. This is increasingly important as global derivatives regulations are implemented.”

 

Soltra Unveils New NetworkSoltra Unveils New Network

Soltra announced the new Soltra Network designed to connect cyber threat intelligence sharing across intelligence producers, intelligence consumers, communities and cyber security tools. The new service will work alongside Soltra’s existing threat information sharing platform, Soltra Edge.

“Due to the overwhelming success of Soltra Edge, we’ve seen thousands of entities start to use standardized protocols to connect to peers and share information,” Clancy said. “The Soltra Network creates an efficient central hub and spoke distribution model to facilitate the automated flow of millions of threat indicators across those thousands of entities using Soltra Edge.”

Soltra Edge Gains IBM Support

IBM announced its support of Soltra Edge, the cyber threat intelligence sharing solution created by Soltra, a joint venture between DTCC and FS-ISAC. IBM Security Services will support users of Soltra Edge within their own security operations environments. It will also provide integration with the user’s own cybersecurity tools, turning hours of manual cyber threat processing into seconds of instant analysis and action.

IBM will provide consulting and systems integration for the Soltra Edge threat information sharing platform for cyber intelligence automation. It will offer enhanced support of Structured Threat Information Expression (STIX™) and Trusted Automated eXchange of Indicator Information (TAXII) and Cyber Observable eXpression (CybOX) standards.

“Defending against today's cyber threats and attacks takes the collaboration of many industries working together,” said Mark Clancy, CEO Soltra. “We see Soltra Edge as a pivotal part of a community’s defense efforts and IBM’s support will help activate these defenses across a broader community of firms in multiple sectors.”


DTCC Issues New White Paper on Interconnectedness RiskDTCC Issues New White Paper on Interconnectedness Risk

DTCC announced its new white paper, “Understanding Interconnectedness Risks To Build a more Resilient Financial System”, which highlights the role of interconnectedness in the transmission of risk. The paper also proposes a set of guidelines developed for practitioners who wish to adopt this approach as a way to manage risks more holistically across organizational silos.

“The new white paper was well received by both members of the securities industry in attendance at Sibos, as well as by regulatory bodies to whom I presented the paper in Hong Kong and Singapore,” said Michael Leibrock, DTCC Managing Director and Chief Systemic Risk Officer. “A common theme I heard during these discussions was an appreciation that DTCC has published a paper on a very complex topic in a way that was relevant for members of the securities industry and included clear steps that any firm can take to implement the foundation of an Interconnectedness risk framework.”

dtccdotcom