DTCC Reviews Industry and Regulatory Utility Requirements

Ken Price is CEO of DTCC's Avox

The Depository Trust & Clearing Corporation (DTCC) is in the middle of a project aimed at exploring how a potential industry utility of legal entity data could meet both industry and regulatory requirements, officials tell Inside Reference Data.

The DTCC acquired counterparty data vendor Avox last summer, and has since proposed to the US Treasury’s Office of Financial Research (OFR) that it can help with the operational aspects of introducing a legal entity identifier (LEI) by hosting the

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