DTCC Secures Derek West as its Chief Compliance Officer for its European Trade Repository
- West joins DTCC in London to help work with its Global Trade Repository business in Europe.
The Depository Trust & Clearing Corporation (DTCC), a provider of post-trade market infrastructure for the global financial services industry, has added regulatory specialist Derek West as its newest Executive Director and Chief Compliance Officer with immediate effect, Finance Magnates has learned.
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In his new role at DTCC, Mr. West will be a constituent of the group’s European Global Trade Repository (GTR) business, whilst based out of London. In this capacity, he will be tasked with ensuring GTR Europe’s compliance with European Market Infrastructure Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (EMIR) trade repository requirements.
Moreover, he will also be coordinating his efforts with EMIR supervisory activities and examinations, working in tandem with the group’s GTR senior management and the European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term).
Extensive Regulatory Background
Mr. West joins DTCC after a lengthy career at Quebec Autorité des marchés financiers (AMF). Most recently he worked as its Senior Director of Derivatives Oversight, serving in an integral role with the regulator for over twelve years. During his time with the AMF, he was responsible for all aspects of derivatives market regulation, helping draft and implement several key acts and directives.
Derek West
Prior to joining DTCC in 2004, he also worked in several chairmanships as well as a stint at the US’ National Futures Association (NFA) as its Director, Strategic Planning & Development, dating back to 2000, according to information made public on his Linkedin profile.
According to Andrew Douglas, CEO of GTR Europe, in a recent statement on the appointment: “Derek brings a wealth of compliance knowledge and regulatory experience to DTCC. As the global regulatory environment continues to evolve, he will be a key asset to the firm, our community and the GTR Europe compliance program.”
The Depository Trust & Clearing Corporation (DTCC), a provider of post-trade market infrastructure for the global financial services industry, has added regulatory specialist Derek West as its newest Executive Director and Chief Compliance Officer with immediate effect, Finance Magnates has learned.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
In his new role at DTCC, Mr. West will be a constituent of the group’s European Global Trade Repository (GTR) business, whilst based out of London. In this capacity, he will be tasked with ensuring GTR Europe’s compliance with European Market Infrastructure Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (EMIR) trade repository requirements.
Moreover, he will also be coordinating his efforts with EMIR supervisory activities and examinations, working in tandem with the group’s GTR senior management and the European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term).
Extensive Regulatory Background
Mr. West joins DTCC after a lengthy career at Quebec Autorité des marchés financiers (AMF). Most recently he worked as its Senior Director of Derivatives Oversight, serving in an integral role with the regulator for over twelve years. During his time with the AMF, he was responsible for all aspects of derivatives market regulation, helping draft and implement several key acts and directives.
Derek West
Prior to joining DTCC in 2004, he also worked in several chairmanships as well as a stint at the US’ National Futures Association (NFA) as its Director, Strategic Planning & Development, dating back to 2000, according to information made public on his Linkedin profile.
According to Andrew Douglas, CEO of GTR Europe, in a recent statement on the appointment: “Derek brings a wealth of compliance knowledge and regulatory experience to DTCC. As the global regulatory environment continues to evolve, he will be a key asset to the firm, our community and the GTR Europe compliance program.”