DTCC 2017 Annual Report: Turning Headwinds Into Tailwinds
Looking back over the past half-decade, our industry has faced many challenges, yet today we are in a much stronger position than at any time since the '08 crisis. We have successfully managed through market events, maintained stability during a period of geopolitical disruption and recovered from the devastation of Superstorm Sandy in the U.S. And while the implementation of new regulations, the rise of fintech, the growing threat of cyberattack and increased competition from new players are transforming many parts of the industry, the markets remain secure, global economic growth is improving, public confidence in our sector is rising and firms are more resilient to withstand shocks to the system. That is not to suggest the current environment is without challenges. Multiple headwinds continue to put enormous pressure on financial institutions in all parts of the world.