Jan 25, 2021
• Press Releases
DTCC Comments on Senate Confirmation of new U.S. Treasury Secretary Janet Yellen
January 25, 2021 – The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to Senate confirmation of new U.S. Treasury Secretary Janet Yellen:
“We congratulate Janet Yellen on her historic confirmation as the first woman to serve as US Secretary of the Treasury. The Senate confirmation recognizes Secretary Yellen’s distinguished record of public service and her dedication to ensuring the transparency and security of global financial markets. Her previous work as chair of the Federal Reserve, as president of the Federal Reserve Bank of San Francisco, and as chair of the Council of Economic Advisers established her as a leader in economic thought and finance policy. We look forward to collaborating with Secretary Yellen on the critical issues facing our industry and working together to protect the safety and stability of markets globally.”
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.