DTCC warns firms to address risks ahead of US mandate on "interconnectedness"
US clearing giant the
Depository Trust and Clearing Corporation (DTCC) has warned
market participants to draw up plans to address their financial
market "interconnectedness" risks ahead of the finalisation of
US regulations that will mandate the practice for clearing
The comments came as
the utility released a white paper on Tuesday exploring
financial market interconnectedness and the transmission of
The paper offers
practical guidelines on how firms should address these risks
and comes as the US Securities Exchange Commission (SEC) looks
set finalise rules mandating clearing organisations address
risk associated with financial interconnectedness.
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