DTCC joins FMSB
Posted by Colin Lambert. Last updated: May 16, 2023
The Financial Markets Standards Board (FMSB) has welcomed DTCC Europe, a subsidiary of The Depository Trust & Clearing Corporation (DTCC), to be part of the market-led, global standards body for fair and effective wholesale financial markets.
Post trade services provider DTCC joins FMSB’s membership of industry participants from the sell-side, buy-side and corporations, as well as key financial data and infrastructure providers.
“We are pleased to be joining FMSB following our participation in the Bank of England’s Post-Trade Task Force, which moved to FMSB last year,” says Michalis Sotiropoulos, executive director, DTCC. “We look forward to contributing to FMSB’s important role in further developing and delivering on the Task Force’s recommendations, as well as to shaping Standards which support transparent, fair and effective wholesale financial markets.”
FMSB, CEO Myles McGuinness, adds, “DTCC will bring interesting views to the table, having already added vital inputs to the work we took on from the Post-Trade Task Force in April 2022. Post-trade is of vital importance to the whole financial ecosystem.”