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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.

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