Q&A: Sandy Broderick, DTCC, on the Emir reporting avalanche

Surge in customer numbers caught the repository out, CEO admits

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Sandy Broderick, DTCC

Customers of the Depository Trust & Clearing Corporation (DTCC) know it struggled with the launch of derivatives reporting requirements in Europe, because thousands of accounts were still queuing to get on board when the deadline took effect on February 12. Everyone else knows about it because in the week that followed, Risk wrote two articles – the first revealing the DTCC had to shut down some of its services while it tried to process a tidal wave of data from companies that had s