A Victory for Transparency

DTCC welcomes repeal of Dodd-Frank indemnification provisions

larry-thompson
Larry Thompson, vice chair, DTCC

It's not often that Democrats and Republicans agree on policy, but in early December, the US Congress and US President Barack Obama's repeal of the indemnification provisions of the Dodd-Frank Act met with almost unanimous bi-partisan support.

The provisions were intended to protect swap data repositories from litigation, but have been widely criticized by policy-makers, market participants and financial indsutry stakeholders, including the Depository Trust and Clearing Corporation (DTCC), since

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