Delta Capita appoints Emerson Boix for SFTR testing
12 June 2019 London
Image: Shutterstock
Delta Capita has appointed Emerson Boix to lead its Securities Financing Transactions Regulation (SFTR) Test Consortium technical implementation.
Boix, who will be based in London, has more than 20 years’ banking experience working on securities finance projects.
Most recently, Boix helped define target operating models in preparation for Brexit and performed SFTR impact assessments.
Boix has also worked on regulations including Basel II, European Market Infrastructure Regulation and the first Markets in Financial Instruments Directive, as well as global implementation of the second Markets in Financial Instruments Directive for Bank of America Merrill Lynch.
Previously, Boix served at Deutsche Bank and also worked for the US Federal Reserve and US Treasury where he designed and implemented solutions to manage fixed income portfolios and repos as well as the use of collateral.
Commenting on his new role, Boix said: “I am very pleased to be joining Delta Capita at such an exciting time. They have successfully created an industry consortium of top tier firms to address challenges created by SFTR. The mutualised-cost approach is unique and will allow banks to test the SFTR requirements robustly in a cost effective and standardised manner.”
David Field, head of Delta Capita’s prime services and securities finance practice, commented: “Market participants should no longer define their test strategy in isolation for large regulatory changes.”
He added: “Agreeing the best approach amongst peers as they perform testing end-to-end is a smart way to ensure a quality deliverable at substantially reduced costs, whilst producing a common industry approach that addresses regulators’ concerns.”
Boix, who will be based in London, has more than 20 years’ banking experience working on securities finance projects.
Most recently, Boix helped define target operating models in preparation for Brexit and performed SFTR impact assessments.
Boix has also worked on regulations including Basel II, European Market Infrastructure Regulation and the first Markets in Financial Instruments Directive, as well as global implementation of the second Markets in Financial Instruments Directive for Bank of America Merrill Lynch.
Previously, Boix served at Deutsche Bank and also worked for the US Federal Reserve and US Treasury where he designed and implemented solutions to manage fixed income portfolios and repos as well as the use of collateral.
Commenting on his new role, Boix said: “I am very pleased to be joining Delta Capita at such an exciting time. They have successfully created an industry consortium of top tier firms to address challenges created by SFTR. The mutualised-cost approach is unique and will allow banks to test the SFTR requirements robustly in a cost effective and standardised manner.”
David Field, head of Delta Capita’s prime services and securities finance practice, commented: “Market participants should no longer define their test strategy in isolation for large regulatory changes.”
He added: “Agreeing the best approach amongst peers as they perform testing end-to-end is a smart way to ensure a quality deliverable at substantially reduced costs, whilst producing a common industry approach that addresses regulators’ concerns.”
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