2015 Outlook: Mike Bodson, DTCC
Mike Bodson is CEO of Depository Trust & Clearing Corp.
What were the major themes of your business in 2014?
The complexity of the global regulatory environment continued to increase, which created new mandates and requirements for firms which, in turn, raised compliance costs and risks. As a result, the industry looked to market infrastructures for leadership and support as they sought to adapt to the new regulatory and economic landscapes. For DTCC, 2014 reflected our commitment to help address these challenges by creating new products and services and also collaborating with clients and organizations both within and outside financial services to develop solutions in key focus areas, including client entity data management, cyber security and collateral management.
What are your expectations for 2015?
I expect 2015 to be another year of evolution and adjustment for the industry, especially as new regulations come on line. Market infrastructures will have an opportunity to continue moving higher up the “processing value chain” by extending their reach further into the middle and back offices to help firms meet new requirements in the most efficient and cost-effective manner possible.
With Thejas Nalval, Co-Founder and Chief Investment Officer, Parataxis Capital
Corporate Sustainability Reporting Directive elevates sustainability information to same level as financial.
Essentia analyses data to create behavorial “nudges” for fund managers' investment decisions.
With Adam Conn, Head of Trading, Baillie Gifford
Partnership will develop a suite of U.S.-listed, physically backed ETFs.