Reducing the backlog of confirmations of derivatives contracts remains a big problem for our industry.
Christoper Natale of Sapient explains how far we have come in reducing the confirmation backlog and suggests what the industry needs to do to tackle this problem in the current market climate and to meet the commitments made by the Operations Management Group.
Christopher Natale is the Associate Director and Head of Derivative Operations of Sapient DCG. Chris has over 18 years of derivative middle office and operations experience and extensive knowledge of interest rate and credit derivatives as well as many other fixed income instruments. With a solid knowledge base of operational and management skills, he has been a key contributor in the CDS space -- implementing best practices in accordance with all regulatory mandates and in the back-loading of the vast majority of the CDS industry's confirmations into DTCC's Trade Information Warehouse.
