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Technology news

SEB selects DTCC global trade repository


18 March 2019 New York
Reporter: Maddie Saghir

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Image: Shutterstock
Skandinaviska Enskilda Banken AB (SEB) has selected Depository Trust & Clearing Corporation (DTCC) as its global trade repository service to meet regulatory obligations under the Â鶹´«Ã½ Financing Transactions Regulation (SFTR).

To streamline client adoption of the service, DTCC recently added data transformation services to its SFTR offering.

DTCC has also made partnership agreements with several technology firms, including Broadridge, EquiLend/Trax, FIS Global, IHS Markit/Pirum, Murex, RegTek.Solutions and SimCorp.

Petra Tigerholm, head of markets regulatory reporting, at SEB, commented: “SEB has a longstanding relationship with DTCC and is very satisfied with our cooperation.â€

“Right now, SFTR is a major focus area, so choosing the right partner to deliver this project was of the upmost importance to us. We look forward to working together to deliver regulatory compliance for ourselves and our customers.â€

Chris Childs, president and CEO of DTCC Deriv/SERV, added: “DTCC is committed to helping our clients meet evolving regulatory reporting requirements, including SFTR.â€

“SEB is a valued client and we’re delighted they will be leveraging our one-stop SFTR offering to fulfil their forthcoming regulatory obligations, and are ready to extend its capabilities to additional market participants in the coming months.â€
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