May 30, 2018
• Press Releases
DTCC Comments on Senate Confirmation of FDIC Chair Jelena McWilliams
New York, NY – May 29, 2018 – The Depository Trust & Clearing Corporation (DTCC) today issued the following statement in response to the new Federal Deposit Insurance Corporation (FDIC) Chair: Jelena McWilliams.
“DTCC applauds Senate confirmation of Jelena McWilliams as Chair of the Federal Deposit Insurance Corporation (FDIC). She brings a wealth of experience to the position that will be helpful as the Administration addresses a wide range of issues related to regulatory policy, cybersecurity and financial stability. We look forward to working with Chair McWilliams and her team on efforts to continue protecting the financial system.”
With 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to financial markets. In 2017, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.61 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at U.S. $57.4 trillion. DTCC’s Global Trade Repository maintains approximately 40 million open OTC positions per week and processes over one billion messages per month. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.