The Hill News

For all the key goals that Congress hopes to achieve in financial reform, a little known or understood provision of the Dodd-Frank Act has the potential to derail efforts to increase market transparency and mitigate risk in the over-the-counter (OTC) derivatives marketplace. 

The obstacle is a requirement that U.S.-based swap data repositories (SDRs) obtain indemnification agreements from foreign regulators prior to sharing critical market data with them â€" a subject highlighted during today’s subcommittee hearing of the House Agriculture Committee.

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