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DTCC unveils technology resilience principles

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The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, has outlined enhanced resilience measures that financial firms should consider adopting to ensure the continued safety of the financial markets amid an increasingly complex technology landscape.

As DTCC outlines in a new white paper, “The Power of Technology Resilience: A Framework for the Industry,”  the twin dynamics of firms moving their infrastructures to virtual environments including the cloud, and adopting new and innovative technologies at a rapid pace, can introduce new types of risk. This evolution has reinforced the need for firms to ensure that resilience practices are embedded into technology development initiatives, including the delivery of their applications and the continued modernisation of infrastructure.
Given DTCC’s role as a critical infrastructure for the global markets, the firm follows strict recovery and resumption methods across services to enhance its resilience. As part of this, DTCC developed a resilience framework to prepare for a vast array of scenarios, including cyberattacks, natural disasters, and pandemics.

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