Free Republic

Lynch amendment spooks DTCC Author: Duncan Wood Source: Risk magazine | 03 Mar 2010 As dealers and legislators feud over reform of the over-the-counter derivatives market, at least one innocent bystander – New York-based post-trade utility the Depository Trust & Clearing Corporation (DTCC) – has been caught in the crossfire. At the end of February, DTCC staff travelled to Washington, DC to voice their concerns. It's a real pain for them. It's one thing having a go at banks but the consequence of this amendment is that it's now sweeping up a utility as well At issue is an amendment...