The Depository Trust & Clearing Corporation (DTCC) has bolstered its senior leadership team with the appointment of Derek West as chief compliance officer for its European global trade repository (GTR) business.
West will focus on ensuring DTCC’s compliance with the European Market Infrastructure Regulation (EMIR), along with all other relevant regulatory regimes.
He will also coordinate EMIR supervisory activities and examinations, as well as work closely with GTR senior management and the European Securities and Markets Authority.
West was previously senior director of derivatives oversight at the Quebec Autorité des marchés financiers, the Canadian province’s financial services regulator, where he was responsible for drafting and implementing Quebec’s Derivatives Act and regulations.
He also managed eight national regulatory projects, including trade repository recognition and reporting rules and mandatory central counterparty clearing rules.
Andrew Douglas, CEO of GTR Europe at DTCC, said: “Derek West brings a wealth of compliance knowledge and regulatory experience to DTCC. As the global regulatory environment continues to evolve, he will be a key asset to the firm, our community and the GTR Europe compliance programme."
