The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, has appointed Derek West as executive director and chief compliance officer for the firm’s European Global Trade Repository (GTR) business.

West will be responsible for ensuring GTR Europe remains in full compliance with European Market Infrastructure Regulation (EMIR) trade repository requirements, as well as other applicable laws and regulations. In addition, he will coordinate EMIR supervisory activities and examinations, as well as work closely with GTR senior management and the European Securities and Markets Authority (ESMA).

West joins DTCC following his role as senior director of derivatives oversight at the Quebec Autorité des marchés financiers (AMF). While at AMF, he was responsible for drafting and implementing Quebec’s Derivatives Act and regulations, and eight national regulatory projects, including trade repository recognition and reporting rules and mandatory central counterparty clearing rules. He also built a team that was focused on trade repository data aggregation and analysis.

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