DTCC is hopeful Congress will amend indemnification provision

A Dodd-Frank Act provision requiring indemnification from European regulators before they receive data from U.S. data depositories is a major obstacle in intercontinental data sharing, experts say. Depository Trust & Clearing, however, is optimistic that the law will be amended. "The indemnification clause is essentially a drafting error," a DTCC spokesman said. DTCC CEO Michael Bodson will be a featured speaker at SIFMA's 40th Operations Conference and Exhibit on April 28-May 1 in Boca Raton, Fla. Register today.

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