How the DTCC Safeguards Financial Services

The video discusses the 2008 financial crisis, highlighting the increased resilience of the financial system since then. It emphasizes the importance of cybersecurity and the need for cooperation between public and private sectors to protect financial assets. The discussion also covers the harmonization of global banking standards and the role of US regulatory appointments in ensuring effective financial oversight.

What major event in 2008 led to increased resilience in the financial system?

• The collapse of Lehman Brothers

• The Greek debt crisis

• The dot-com bubble burst

• The Enron scandal

What is a key focus for DTCC in terms of cybersecurity?

• Developing new financial products

• Protecting assets and building system resiliency

• Increasing market share

• Reducing transaction fees

Which organization is mentioned as being active in cybersecurity information sharing?

• FSI SAC

• World Bank

• IMF

• OECD

Why is harmonization of banking standards important?

• To reduce regulatory costs

• To increase competition

• To ensure cohesion and protection

• To promote innovation

Who was appointed to head the CFTC during the Trump administration?

• Jay Powell

• Jay Clayton

• Randy Quarles

• Christy and Carlo