Swap data deadlock could be fixed in months, DTCC hopes
Indemnification clause in Dodd-Frank that has barred foreign regulators from using US repositories could finally be struck down when US Senate returns from recess
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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