DTCC believes firms should leverage standards and adopt solutions as a community
By Ted Leveroni, chief commercial officer of
DTCC-Euroclear GlobalCollateral Ltd
Collateral and the role it plays in ensuring the
smooth functioning of capital markets is nothing new. Amidst an
evolving global post-crisis regulatory and macro-economic
environment, firms have been making gradual enhancements to
their collateral management processes, moving it from a
back-office administrative function to an essential part of
trading, liquidity management, credit risk, and market risk
But we are now on the precipice of fundamental
change as firms come to realise that more needs to be done.
Automation, a buzzword in recent years, is no longer the only
means to enhancing collateral management processes. Adoption of
messaging standards and the use of collaborative
infrastructures will also be important requisites to ensuring
risk mitigation in financial markets.
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