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SEC approves Securities Financing Transaction clearing service proposal of the NSCC
06 June 2022 US
Reporter: Jenna Lomax

The new NSCC SFT clearing service will support the central clearing of clients’ SFTs intermediated by sponsoring members or agent clearing members, as well as the central clearing of SFTs between NSCC full-service members

DTCC blocks all activity to securities issued by Sberbank of Russia processed through its ITP Services
26 May 2022 US
Reporter: Jenna Lomax

DTCC has blocked all activity relating to securities issued by Sberbank of Russia via any DTCC Institutional Trade Processing service, in response to the Russian invasion of Ukraine

ASIC releases second consultation paper for changes to its derivative transaction rules
17 May 2022 Australia
Reporter: Jenna Lomax

The Australian Securities & Investments Commission has released its second consultation paper for proposed changes to simplify the ASIC Derivative Transaction Rules

DTCC evaluates risks presented by “interconnectedness” in global finance
04 May 2022 US
Reporter: Bob Currie

White paper builds on DTCC’s 2015 report, Understanding Interconnectedness Risks, which shines a spotlight on dangers of contagion and interconnectedness

Regelman named BNY Mellon CEO of securities services and digital
26 April 2022 US
Reporter: Carmella Haswell

Roman Regelman, chief executive officer of asset servicing at BNY Mellon, will also assume leadership of the Issuer Services business, effective immediately

La Salla takes helm at DTCC from August as Bodson retires
25 April 2022 US
Reporter: Bob Currie

BNY Mellon veteran Frank La Salla to become president and CEO of DTCC, joining the company as CEO-elect in July. Mike Bodson retires after a distinguished 10 years in charge

Non-economic trade data, client onboarding and uncleared margin is where “change is particularly urgent” in post-trade, says BoE
25 April 2022 UK
Reporter: Jenna Lomax

The Bank of England has released a report which outlines that change is “particularly urgent” in the areas of non-economic trade data, client onboarding and uncleared margin when regarding better post-trade efficiency

DTCC and Digital Dollar Project test CBDC in trade clearing and settlement
12 April 2022 US
Reporter: Bob Currie

The Depository Trust and Clearing Corporation has released a prototype, developed in collaboration with The Digital Dollar Project, to examine how a central bank digital currency (CBDC) may operate in the US clearing and settlement infrastructure

BNP Paribas conducts PoC for mutual fund transaction on fundsonchain’s settlement platform
11 April 2022 France
Reporter: Jenna Lomax

BNP Paribas Securities Services has conducted a technical proof of concept for mutual fund transactions on technology provider fundsonchain's settlement platform

BNP Paribas collaborates with DTCC on UMR solution
06 April 2022 Global
Reporter: Carmella Haswell

The solution comes ahead of initial margin wave 5, with an objective to ensure full, end-to-end straight-through processing connectivity, preparing the industry for Phase 6 of the Uncleared Margin Rules

DTCC adds Capuzzi and Conway to board
30 March 2022 US
Reporter: Rebecca Delaney

DTCC elected two new members to its board of directors during the annual shareholders meeting, William Capuzzi and Kelley Conway

DTCC hires Jonathan Herd as senior relationship manager
25 March 2022 UK
Reporter: Jenna Lomax

DTCC has hired Jonathan Herd as senior relationship manager