DTCC experiences ‘brutal’ start to trade reporting
Trade repository suffers as Emir reporting begins
The Depository Trust & Clearing Corporation (DTCC) has admitted its European trade repository endured a torrid time during the days immediately after trade reporting went live in the European Union, under the European Market Infrastructure Regulation (Emir) on February 12.
Speaking at an industry conference held earlier this month, Stewart Macbeth, London-based chief executive officer of DTCC Derivatives Repository, admitted the DTCC had "got it wrong in terms of estimating the effort involved
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