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CHAPTER TEN | A BRIGHT FUTURE
many other businesses, sent about 95 percent of its employees to work from home. Not everyone was able to work remotely, however. “There were certain areas of the company that had to report to the office on a daily basis right through the pandemic such as Global Business Operations, Global Security Management, End User Support, Information Technology and Workplace Design and Services. They were our frontline heroes,” said Murray Pozmanter, former managing director, president of DTCC Clearing Agency Services and head of Global Business Operations. “During this time, we placed greater emphasis on employee health and well-being, despite all the disruptions associated with the pandemic.”
In the efforts to keep DTCC employees safe while many were still needed to come to the office in person during the height of the COVID-19 pandemic, the firm followed government mandates and developed its own internal protocols.
2021 MAY The US Securities and Exchange Commission (SEC) approves DTCC’s request to provide security-based swap data reporting services. This gives the industry a single reporting platform across asset classes and markets.
2022 APRIL DTCC announces plans to build a prototype to test how a US central bank digital currency would operate in the clearance and settlement process.
2022 JUNE
2022 AUGUST
The SEC approves the Securities Financing Transaction Clearing Service proposed by National Securities Clearing Corporation.
DTCC President and CEO Michael Bodson retires after a decade leading the organization. Frank La Salla joins DTCC from Bank of New York Mellon as the firm’s new president, CEO and director.
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