REGIS-TR Names New Chairman and Vice-Chairman

The European Trade Repository, REGIS-TR, announced today that as of July 1, 2018, it has appointed new members to its Board of Directors. Philip Brown is the new chairman of the Board, and Jesús Benito is the new Vice-Chairman. In addition, Maurice Lamy and Francisco Nicolás join the Board of Directors.

REGIS-TR is jointly run by Deutsche Börse’s subsidiary Clearstream and Iberclear. Brown, who has been a member of the board since the inception of the European repository, succeeds Jeffrey Tessler. Brown is the DBAG Segment Head for Clearstream.

Commenting on his new role, Brown said: “I am delighted to assume the role of Chairman of REGIS-TR and am looking forward to further building on our position as the pre-eminent European market infrastructure for regulatory reporting, particularly for the imminent Securities Finance reporting obligations.”

Benito has also been a member of the REGIS-TR Board of Directors since its inception. He is the CEO of Iberclear and Member of the Management Committee of Bolsas y Mercados Españoles (BME). BME is the Spanish company that organizes the Spanish stock exchanges and financial markets. Benito has had extensive experience in the financial industry. In 1998 he joined the Bank of Spain as the Head of System of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and Securities. Since then, he has held numerous positions in finance.

New additions to REGIS-TR's Board of Directors

Aside from Brown and Benito, Lamy is also joining the Board of Directors. He is the current Head of Department for Application Development Custody & Settlement at Clearstream services. Nicolás, on the other hand, is the Director of Technology of BME. BME includes the stock exchanges in Madrid, Barcelona, Bilbao, and Valencia.

A repository is an entity that centrally collects and maintains the records of over-the-counter (OTC) derivatives. REGIS-TR collects trades and transactions across multiple product classes and jurisdictions. Earlier this year, it became the Trade Repository for Clearstream and Eurex. The Repository provides both companies with report service solutions for Securities Finance Transaction 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 (SFTR) requirements.