The Depository Trust & Clearing Corporation (DTCC) has commended the US Administration, Senate and House of Representatives for taking action to strengthen global information sharing by signing into law legislation that removes Dodd-Frank’s indemnification provisions.
Eliminating these barriers to data sharing marks an important step in ensuring regulators globally obtain a consolidated and accurate view of the over-the-counter derivatives marketplace. DTCC has been a long-standing advocate for removal of the indemnification provisions and applauds Members of Congress and policymakers – both former and current – who supported this non-controversial, technical fix.
DTCC says it is looking forward to continuing to work with US policymakers and regulatory bodies globally to utilise the transparency offered by swap data repositories.
