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CFTC’s O’Malia Says Dodd-Frank Rules Should Avoid ‘Overreach’

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May 31 (Bloomberg) -- The Commodity Futures Trading Commission should avoid overreach in implementing the Dodd-Frank Act to ensure U.S. banks remain competitive against overseas rivals, said Scott O’Malia, a Republican CFTC member.

“The commission should ensure that its registrants and registered entities remain competitive in global financial markets,” O’Malia said today in a speech prepared for a MarkitSERV conference in New York.

To contact the reporter on this story: Silla Brush in Washington at sbrush@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

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