DTCC Applauds The U.S. Administration And Congress For Taking Action To Strengthen Global Data Sharing

The Depository Trust & Clearing Corporation (DTCC) commends the U.S. 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 looks forward to continuing to work with U.S. policymakers and regulatory bodies globally to utilize the transparency offered by swap data repositories.