Singapore/Hong Kong, 14 November 2023 – DTCC Consulting Services was awarded Consulting Firm of the Year in the Markets & Infrastructure category of the 6th Regulation Asia Awards for Excellence 2023 at an in-person ceremony on 14 November 2023.
This award recognises consulting firms that excel in supporting financial market participants in their obligations to ensure regulatory compliance and manage risk, by providing strategic guidance, innovative solutions, and advisory services.
DTCC Consulting Services builds on the firm’s 50-plus years of experience leading industry change and building market solutions. DTCC’s extensive technical expertise enables it to address the practical needs of securities and derivatives market participants in areas such as trade reporting, infrastructure enhancement and business process changes, particularly in times of significant transformation in global markets.
A major area of work for DTCC Consulting Services is to help firms to prepare for the ongoing revisions to OTC derivatives trade reporting rules, leveraging expertise from decades of operating a global trade repository business. The firm is also working closely with market participants, industry bodies, and market infrastructure institutions to support the introduction of a T+1 securities settlement cycle in the US and other jurisdictions, which requires significant operational and technology changes and end-to-end testing.
The Regulation Asia awards panel credited DTCC Consulting Services for its end-to-end approach to helping firms manage risk and comply with incoming regulatory changes, providing expertise in areas from impact analysis to project design, testing and execution, all the way through to post-implementation review. “DTCC’s innovative approach to working with the industry helps to reduce risk and cost, boost operational efficiencies, and shape the future of financial markets,” commented one judge.
About the Regulation Asia Awards for Excellence 2023
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the 2023 award winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.