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Risk.net: OCC sees cloud-based future for clearing

Risk Live: But regulated entities face a “heavy lift” when moving to the cloud, says CRO

October 24, 2023

In a fireside chat at Risk Live North America, OCC’s Chief Risk Officer Vishal Thakkar spoke with Risk editor Kris Devasabai about risk management in the options market and OCC’s ongoing cloud migration. As the first systemically important financial market utility (SIFMU) to seek a regulatory no-objection to move core systems to the cloud, Vishal described our collaboration with our regulators to develop a plan to manage our forthcoming clearing platform, Ovation, in a cloud environment while continuing to fulfill OCC’s critical SIFMU duties. Read a recap of his session on Risk’s website.

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