Jun 06, 2019
• Press Releases
DTCC Comments on Senate Confirmation of CFTC Chairman Tarbert
FIA International Derivatives Expo (FIA-IDX), London, June 5, 2019 – The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to Senate confirmation of new U.S. Commodity Futures Trading Commission Chairman: Heath P. Tarbert.
“We congratulate Heath Tarbert on his confirmation as CFTC Chairman. Chairman Tarbert’s experience at the Treasury, FSB and elsewhere in government, plus time in the private sector, put him in a strong position to lead the CFTC going forward. We look forward to working with Chairman Tarbert and Commissioners Behnam, Berkovitz, Quintenz and Stump. We would also like to take this opportunity to thank Christopher Giancarlo for all of his work in protecting the safety and soundness of the global financial community, and to wish him well for the future.”
With over 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, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2018, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.85 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $52.2 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes over 14 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.