New regulations brought in since the crisis have sought to increase transparency and reduce risks in the securities and derivatives markets. The effect of this is that more firms are required to clear and settle their securities and derivatives with Central Counterparties (CCPs) and Central Securities Depositories (CSDs).
To a great extent, this ascendency to senior management positions is a vote of confidence on the domestic banking sector and its ability to produce quality leaders. To you Class of 2017, I have no doubt that you too aspire to assume key roles in the financial sector in order to better serve your institutions at higher levels and, ultimately, serve the country.