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Mitigating risk in a changing landscape

Author

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  • Kelly, Peter W.

Abstract

In 2003 the Mortgage Backed Securities Clearing Corporation (MBSCC) and the Government Securities Clearing Corporation (GSCC) merged into the Fixed Income Clearing Corporation (FICC) under the Depository Trust Clearing Corporation (DTCC) umbrella. FICC continually searches for cost-effective ways to provide increased liquidity, risk management and other dynamic processes that help firms operate more efficiently as well as expand the population of firms that can take advantage of these benefits. This paper will outline the motivations, customer needs, regu­latory interests and market dynamics behind these initiatives, the benefits they will bring to the industry and the progress we have made so far. In addition, the author will address some of the challenges that currently face the industry and how FICC, along with its members and partners, is fashioning solutions for those as well.

Suggested Citation

  • Kelly, Peter W., 2010. "Mitigating risk in a changing landscape," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 3(1), pages 33-43, May.
    • Handle: RePEc:aza:jsoc00:y:2010:v:3:i:1:p:33-43
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    More about this item

    Keywords

    Mortage-Backed Securities Division (MBSD); Government Securities Division (GSD); Depository Trust Clearing Corporation (DTCC); risk; central counterparty (CCP); fails; margin; portfolio;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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