Latest news with #DTCC
Finextra
3 days ago
- Business
- Finextra
DTCC appoints Laura Deaner as chief information security officer
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Laura Deaner as Chief Information Security Officer (CISO), reporting to Lynn Bishop, Chief Information Officer. 6 Deaner will be responsible for managing DTCC's enterprise-wide cyber strategies to protect the firm's information and systems as well as designing and enhancing the organization's information and cybersecurity programs and roadmaps to support DTCC business and resiliency efforts. In addition, she will continue to ensure that cyber resilience is incorporated into strategic firm initiatives, including product and technology deployments, AI-fueled innovation and cloud adoption. Deaner brings more than 25 years of leadership and expertise in information security management to DTCC, including serving the last 12 years as CISO at Northwestern Mutual, S&P Global and, before that, PR Newswire. In each of these endeavors, Deaner led major cybersecurity transformation initiatives, bringing innovative approaches, new security practices and novel security architecture and governing practices, which produced measurable increases in program maturity. Prior to that, Deaner served in roles of increasing responsibility at Morgan Stanley, JP Morgan Chase and Citigroup. Deaner has served as a Board Member with the Financial Services Information Sharing Analysis Center (FS-ISAC) since 2022 and is a NYU Tandon Cyber Fellows Advisory Council member. 'As we continue to strengthen our technology infrastructure to protect against cyber-threats, Laura's expertise and leadership will enable us to drive a more holistic program to further upgrade our defense capabilities,' said Bishop. 'Her deep experience as a CISO will be critical as we continue to implement innovative strategies and leverage new technologies to enhance our security operations and safeguard the global markets and our clients.' Deaner said, 'DTCC plays a vital role in safeguarding the global financial system, and I'm proud to contribute to that mission by advancing a resilient, adaptive and risk-aligned cybersecurity posture. This work is deeply collaborative, and I'm looking forward to partnering closely across teams to protect what matters most: trust, stability and market integrity.'
Bloomberg
3 days ago
- Business
- Bloomberg
Taiwan Dollar Option Trade Slump Lifts Insurers' Hedging Costs
Gyrations in the Taiwanese dollar have dented appetite for trading its derivatives in offshore markets, making it costlier for the island's insurers to hedge their massive dollar assets. Weekly derivatives transactions involving the currency slumped to the lowest since at least 2021 for this time of the year, according to one measure using data from DTCC Data Repository Singapore.
Time of India
25-05-2025
- Health
- Time of India
Saran schools join tobacco awareness drive
Chhapra: The health department has launched an awareness campaign in schools in various blocks to educate students and teachers about the harmful effects of tobacco use. The initiative will culminate on May 31, observed as 'World No Tobacco Day'. As part of the campaign, expert speakers have been informing students and teachers about the range of diseases and psychological issues linked to tobacco consumption. They have also outlined practical methods to help individuals avoid or quit the habit. At one such programme held at the health and wellness centre in Shiltalpur Dih Basti Jalal under Dighwara block, speakers stressed the importance of referring chronic users to the District Tobacco Control Committee (DTCC) for proper counselling and treatment. Expressing concern over the rising number of tobacco users, Saran civil surgeon Dr Sagar Dulal Sinha said, "This can be controlled only through proper awareness, counselling and self-commitment." Non-communicable disease officer Dr Bhupendra Kumar, speaking at the Basti Jalal session, warned of the serious health risks associated with tobacco use. "There is a growing threat of oral, lung and abdominal cancers due to tobacco," he said.
Edinburgh Reporter
24-04-2025
- Sport
- Edinburgh Reporter
East Championship debut for Drummond Trinity cricketers
With Drummond Trinity Cricket Club marking its 20th anniversary, the club is entering a landmark season with all five teams competing at different levels. The first eleven will make their Championship debut on Saturday away to Dunnikier led by club captain Uday Kuchadi who says the primary goal is to secure a mid-table finish, establishing DTCC as a competitive force at this level. In an attempt to achieve this the Inverleith Park -based club is bringing on board an overseas amateur player. The 2nd X1 are aiming for promotion to Division One with a fresh leader at the helm in M Kashif Imran, a captain with solid cricketing experience. The 3rd X1 welcome Ramesh Duvvuri back to the club in a leadership role as they hope to improve on last term's mid table position in Division Four. The 4th X1, under the captaincy of Mab Costello, will have a strong emphasis on sportsmanship, stability and developing players in Division Six. Newly appointed captain Sanjoy Chakraborty leads the 5th X1 into Division Seven. In many ways it will be a poignant season for the club whose chairman, Gus McCallum, passed away last year. Captain Uday says: 'Gus' dedication and hard work were instrumental in shaping DTCC, and the club will always remember his invaluable contributions. 'This year also marks a new leadership chapter for DTCC, with Kevin McLellan taking on the role of Club Chairman and Ewen Brand stepping in as Vice Chairman. Their experience and commitment will help guide the club towards continued success. 'With a mix of experienced leaders, new talent, and a strategic vision, DTCC is ready to take on 2025 with determination and passion in looking to make the 20th anniversary year one to remember.' Like this: Like Related
Yahoo
02-04-2025
- Business
- Yahoo
Wall Street Giant DTCC Unveils Tokenized Collateral Platform in Crypto Push
The Depository Trust and Clearing Corporation (DTCC), the world's largest securities settlement system, is pushing deeper into crypto with introducing a blockchain-based platform for tokenized collateral management. Collateral is a fundamental part of risk management in financial markets, ensuring stability amid market fluctuations. However, traditional systems often suffer from inefficiencies due to fragmented infrastructure and lagging settlements. DTCC said its new platform seeks to address these challenges by tokenizing collateral on blockchain rails, allowing for real-time transfers and automation through smart contracts, according to a Wednesday press release. The platform runs within DTCC's AppChain ecosystem, which was developed on top of LF Decentralized Trust's Besu blockchain. Read more: Why Asset Tokenization Is Inevitable "Collateral mobility is the 'killer app' for institutional use of blockchain," Dan Doney, chief technology officer of DTCC Digital Assets, said in a statement. "By using smart contracts to automate the full range of collateral operations, we enable complex trade execution across markets in real-time at any time, even in volatile conditions." "This platform is unique in that we've created something that's more open, flexible, dynamic, and comprehensive than any previous digital collateral initiative," said Nadine Chakar, global head of DTCC Digital Assets. The initiative comes as tokenization of traditional financial instruments such as bonds, funds and other traditional investments has become one of the hottest use cases for blockchain technology. Multiple financial heavyweights like BlackRock, CME Group and Fidelity have thrown their hat in the ring pursuing benefits such as operational efficiencies, speedier settlements and increased transparency compared to using traditional financial plumbing. DTCC will showcase the platform's capabilities at the "The Great Collateral Experiment" event on April 23, where industry participants will test how tokenized assets can be mobilized across markets. The company said it also plans to engage with regulators and industry leaders to establish global standards for tokenized collateral. Sign in to access your portfolio
