In a way, the DTCC is thinking the unthinkable as it advocates for a better coordinated, cross-industry defense against a major cyber-attack that could cripple financial markets. “Ultimately, the industry cannot rely on the low feasibility of cyber-attacks with systemic consequences,” according to a new white paper report from the post-trade infrastructure services and solutions… Read More >>
DTCC Confronts the Systemic Risks of Being Too Connected
Post-trade market infrastructure provider the DTCC is spreading the notion at SWIFT’s Sibos event that the global financial services ecosystem is now so tightly linked that it is creating a new, higher level of risk where one connection in a key chain of systems could fail and cause a lot of damage to all connected… Read More >>
