The year of execution: DTCC chief Frank La Salla talks T+1, Treasury Clearing and the transition to digital markets

DTCC’s Chief Executive Officer, Frank La Salla, discusses the importance of T+1, Treasury Clearing and the transition to digital markets.

Frank La Salla, CEO of the Depository Trust & Clearing Corporation (DTCC), recently spoke about the importance of T+1, Treasury Clearing, and the transition to digital markets at the Securities Industry and Financial Markets Association (SIFMA) Asset Management Conference.

La Salla highlighted the importance of T+1, or the one-day settlement cycle, for reducing risk in the financial markets. He noted that T+1 would help to reduce the amount of time that market participants are exposed to risk, and would also make it easier to identify and manage risks.

La Salla also discussed the importance of Treasury Clearing, noting that it would help to improve the safety and efficiency of the Treasury market. He noted that Treasury Clearing would reduce the amount of time that it takes to settle Treasury transactions, and would also make it easier to track and manage Treasury risks.

Finally, La Salla discussed the transition to digital markets. He noted that the transition to digital markets is already underway, and that it is important for market participants to prepare for this transition. He отметил, что переход к цифровым рынкам создаст новые возможности для участников рынка, но также и новые риски.

La Salla concluded his remarks by saying that DTCC is committed to working with the industry to help facilitate the transition to T+1, Treasury Clearing, and digital markets. He noted that DTCC is investing in new technologies and capabilities to support this transition, and is also working with regulators and other industry participants to develop the necessary standards and infrastructure.