Jul 19, 2022
• Press Releases
DTCC Comments on Senate Confirmation of Michael Barr at the Federal Reserve
The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the recent confirmation of Michael Barr at the Federal Reserve:
"DTCC congratulates Michael Barr on his recent appointment as Vice Chair of Supervision and as a Governor at the Federal Reserve. We look forward to working with him and with all the staff at the Federal Reserve to continue ensuring the safety and soundness of financial markets."
With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, 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 2020, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $73.5 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 15 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.