Story

Esma fines DTCC for European trade repository failings

Europe’s top markets regulator has fined the Depository Trust & Clearing Corporation for failing to provide regulators with direct access to data in its trade repository – the largest of its kind in Europe.

The delays affected some 2.6 billion trade reports
The delays affected some 2.6 billion trade reports Photo: iStock

Europe’s top markets regulator has fined the Depository Trust & Clearing Corporation for failing to provide regulators with direct access to data in its trade repository – the largest of its kind in Europe.

The European Securities and Markets Authority issued the €64,000 fine on March 31. The fine is the first of its kind against a trade repository, according to an Esma spokesman.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump