Swap data deadlock could be fixed in months, DTCC hopes

Bill gives US Senate the chance to kill off Dodd-Frank indemnification clause

Capitol Hill in Washington DC
US Senate could kill problem clause

A clause in the Dodd-Frank Act that is preventing foreign regulators from accessing information held by US swap data repositories (SDRs) could be struck out in a matter of months, the Depository Trust and Clearing Corporation (DTCC) hopes. A bill that would do the job is waiting for consideration by the Senate once the upper house of the US Congress returns from its summer recess.

The problem clause, contained in Title VII of the act, requires foreign regulators to indemnify US SDRs against

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