CFTC: O'Malia on a mission to fix Dodd-Frank flaws
With the end of the agency's marathon Dodd-Frank Act rulemaking in sight, CFTC commissioner Scott O'Malia wants to go back and fix what he sees as mistakes. By Peter Madigan
If the Commodity Futures Trading Commission (CFTC) was a firm of architects, its Dodd-Frank Act rule-makings were a vast new skyscraper, and its record of 41 of 68 rules finalised was more or less equivalent to having completed about two-thirds of a project that was badly behind schedule, Scott O’Malia would be the guy telling anyone who would listen that the firm needed to go back and fix big, structural weaknesses in floors that had been finished months ago.
And if all those things were the
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