The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC Names Radisch Managing Director of Legal

The Depository Trust & Clearing Corporation (DTCC) announced today that Lois Radisch has joined the DTCC’s Legal Department in New York as managing director, with primary responsibilities for activities involving the US regulated subsidiaries at DTCC.

Radisch will report directly to Larry Thompson, DTCC’s managing director and general counsel. The three regulated subsidiaries are the Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC), and Fixed Income Clearing Corporation (FICC).

Radisch joins DTCC from the Royal Bank of Canada (RBC), where since 1998 she was senior counsel for corporate and commercial banking, involved in restructuring auction rate securities and leading complex financing deals, advising RBC’s global businesses on the Uniform Commercial Code (UCC) and providing development and legal oversight of the bank’s loan trading activities, among other things.

Prior to 1998, she worked for Brown & Wood LLP as an associate specialising in securities lending and project finance. From 1994 to 1996, she served as a senior consultant in legal risk management for the Participants Trust Company (PTC), analysing legal risk concerns and constructing a program for clearing, custody, financing and settlement of Federal Reserve book entry securities held at PTC, as well as conducting an analysis of payment systems risk submitted to the Federal Reserve Bank of New York.

Radisch also worked as vice president and assistant general counsel for J.P. Morgan & Co from 1993 to 1994, specialising in UCC Article 8, and developed products and templates for custody, payments systems, securities lending and cash management. She also managed regulatory projects and submissions to the Fed.

From 1984 to 1993, she represented DTC, NSCC and PTC while working with Milbank, Tweed, Hadley & McCloy LLP as an associate in the banking and corporate department. Among other projects, she helped design and document programs and financing for securities depositories, including same day settlement protocols and risk management analyses, rules and procedures. She also managed the regulatory relationships of DTC and PTC with the Federal Reserve, SEC and NY State Banking Department.

Related content

WEBINAR

Recorded Webinar: Strategies, technologies and services for successful corporate actions automation

Rising volumes and increasing complexity of corporate actions are challenging market participants’ efforts to reconcile data, automate corporate actions processing, and contain costs. The culprits causing these challenges include legacy systems, missing skills, manual processes, data quality issues, and a lack of standardisation. Added to these is the increasing complexity of corporate actions such as...

BLOG

One Year On: Banks Resume Prioritization of FRTB, but Same Challenges Persist

By: Essan Soobratty, Regulatory Product Manager, and Eugene Stern, Head of Market Risk Product, Bloomberg. One year on from the start of the global pandemic which sent global markets into turmoil and prompted regulators to introduce a range of emergency measures to support the financial system and the broader economy, banks are continuing their return...

EVENT

Data Management Summit Europe Virtual

The Data Management Summit Europe Virtual brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...