News

Swedens SEB chooses DTCCs Global Trade Depository to meet SFTR obligations

Monday 18 March 2019 13:48 CET | News

Skandinaviska Enskilda Banken AB (SEB) has picked the Depository Trust and Clearing Corporation’s (DTCC) Global Trade Depository (GTR) service to deliver the bank’s regulatory compliance.

The GTR service will enable SEB to meet its obligations under the Securities Financing Transactions Regulation (SFTR), which is expected to apply from April 2020.

GTR currently processes 40 million open positions per week and more than one billion messages per month for over 100,000 entities, which include brokers, buy-side companies and corporates in seven jurisdictions across 35 countries.

More than 60 regulators around the world have access to GTR data, consistent with their regulatory mandates in each jurisdiction.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Sweden, SEB, DTCC, Global Trade Depository, bank, regulation, compliance
Categories:
Companies:
Countries: World





Industry Events