Apr 14, 2021
• Press Releases
DTCC Comments on Senate Confirmation of New SEC Chair Gary Gensler
April 14, 2021 – The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the Senate confirmation of new SEC Chair Gary Gensler:
“We congratulate Gary Gensler on his confirmation as Chair of the SEC. Chair Gensler’s confirmation underscores decades of accomplishments in both the public and private sector. His prior work at the CFTC and the Department of the Treasury, and on-going efforts at MIT, have positioned him to take the helm as the 33rd SEC Chair. We look forward to working collaboratively with Chair Gensler on critical issues related to market transparency, safety and stability.”
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 15 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 2019, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.15 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $63.0 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.