DTCC Backs Swaps Indemnification Regs

Larry Thompson, general counsel for the Depository Trust & Clearing Corp., testified before the House Committee on Agriculture that the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 “would send a clear message to the international community that the United States is strongly committed to global data sharing and determined to avoid fragmenting the current global data set for OTC derivatives.”