Aite Group analyst Virginie O'Shea says the European Securities and Markets Authority's (ESMA) fining of the Depository Trust and Clearing Corporation (DTCC) is the regulator making it clear that it will not tolerate poor data quality, and an encouragement to trade repositories to invest more in technology and infrastructure.
The regulator announced on March 31 that it had fined the DTCC €64,000 for "negligence" in failing to provide timely data. The DTCC is the largest repository receiving repo
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