Search
 

CFTC’s O’Malia Criticizes ‘Mad Rush’ On Swaps Rules

Commissioner cites inconsistency in some regulations.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The U.S. Commodity Futures Trading Commission is overreaching in its Dodd-Frank Act rulemaking, undermining efforts to provide certainty to the swaps market, according to Scott O’Malia, a Republican commissioner.

The CFTC has taken shortcuts and reached inconsistent outcomes on regulations including those for market-information databases and the international reach of the new rules, O’Malia said in remarks prepared for delivery today at the University of Notre Dame Business Law Forum in Indiana. The agency should release guidelines for implementing the rules, he said.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Biden Orders Climate Risk Strategy for Financial Assets

Jenny Leonard & Saleha Mohsin |

Federal agencies are drafting rules to identify threats to government programs, assets, and liabilities; reduce risks to the nation’s financial stability; and bolster disclosures of climate risk.

Employers Must Be Mindful of Pay Practices

Carolyn H. Kendall & Abraham J. Rein |

As criminal charges for underpayment of workers becomes increasingly common, employers should consider working with outside counsel to analyze their wage-related compliance.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.