SEB selects DTCC global trade repository 18 March 2019New York Reporter: Maddie Saghir
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Skandinaviska Enskilda Banken AB (SEB) has selected Depository Trust & Clearing Corporation (DTCC) as its global trade repository service to meet regulatory obligations under the Securities 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: 鈥淪EB has a longstanding relationship with DTCC and is very satisfied with our cooperation.鈥�
鈥淩ight 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.鈥�
Chris Childs, president and CEO of DTCC Deriv/SERV, added: 鈥淒TCC is committed to helping our clients meet evolving regulatory reporting requirements, including SFTR.鈥�
鈥淪EB is a valued client and we鈥檙e 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.鈥�
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