Pay now or pay later: Regtechs make play to spare banks steep fines

After a record year of fines issued by the SEC, financial services firms are rushing to implement regtech solutions that can help mitigate their financial exposures.

The purchasing power of the money financial services firms spend on regulatory fines can be difficult to conceptualize. So it can be useful to express the figures in more practical terms. For instance, a gallon of gas in California costs around $5, while the median price of a house sold in Q4 of 2022 was $467,700. So, the $17 million fine imposed in February by the US Securities and Exchange Commission (SEC) on the Options Clearing Corp. (OCC) for failing to pass its stress testing and clearing

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US Libor cessation: DTCC helps fill the void

In the run-up to the transition from Libor to an alternative reference rate at the beginning of July this year, DTCC’s Ann Marie Bria looks at the various permutations impacting market participants and the role DTCC is playing in helping firms navigate…

Three steps to build resilience to cyber attacks

As cyber criminals grow more sophisticated, and regulators bear down on banks and their third parties, there are three steps firms can take today to boost their resilience to cyber threats, says Jason Harrell of the DTCC

EU lawmakers struggle to find common ground on equities CT

The debate over a consolidated tape for European equities heated up when a second contender for the role of provider emerged during the EU’s trilogue process. But as the bloc’s three legislative bodies try to reach a compromise, commercial interests are proving inescapable.

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