DTCC to Enhance Global Trade Repository for SFTR
The Depository Trust & Clearing Corporation is prepping for SFTR by enhancing GTR to support securities financing transaction reporting across Europe.
Andrew Douglas, chief executive of the European GTR and managing director of government relations for EMEA/Asia at the DTCC, says the timeline for the new offering depends the European Commission’s announcement of SFTR’s regulatory technical standards.
“Once we know when any regulation is due to be mandated, we would work backwards from there with our own development plan,” Douglas says, adding that the standards are expected to be published sometime in the first quarter of 2018, with
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