In response to a mandate from the Federal Reserve Bank of New York to increase market transparency and to report all OTC derivatives through the DTCC’s new centralized reporting platform, Monticello Consulting implemented the testing governance for a top broker-dealer’s repository for OTC equity derivatives reporting. OTC notional calculations were transitioned to the DTCC’s industry standard formulae, and Monticello Consulting governed the impact testing for the broker-dealer’s credit risk, collateral management, and regulatory reporting groups.
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BIP. Monticello Consulting Group
Monticello Consulting Group is a trusted management consulting firm servicing clients in the global financial services industry. Our mission is simple—to provide exceptional management consulting services by focusing on three core principles for our clients: value creation, superior execution, and uncompromising integrity.