CFTC’s O’Malia: Sef rules could favour Europe
The CFTC has a lot on its plate, including Sef rules, dealing with the extraterritorial impact of its regulations, and working out how best to manage the huge amount of data coming its way
Back in January, it looked very much like long-awaited rules on swap execution facilities (Sefs) – new derivatives trading venues conceived by the Dodd-Frank Act – would be released imminently. Speaking at an industry event in New York, Commodity Futures Trading Commission (CFTC) commissioner Scott O’Malia told delegates a vote on the rules would take place within weeks. “That’s right in time for Valentine’s Day, and nothing says ‘Valentine, I care’ like a Sef final rule-making,” O’Malia said.
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