OCC sees cloud-based future for clearing

Risk Live: But regulated entities face a “heavy lift” when moving to the cloud, says CRO

cloud computing

The chief risk officer of the Options Clearing Corporation believes more central counterparties (CCPs) will follow its lead and move their core systems and infrastructure to the cloud.

“It sets a precedent,” said Vishal Thakkar, speaking at the Risk Live North America conference in New York earlier today (October 19). “I certainly think, while we are first movers in this space, we won’t be the last. There are probably other clearing houses and other systemically important institutions around the

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