CFTC ‘Mad Rush’ Leads to Inconsistent Swaps Rules, O’Malia Says

CFTC ‘Mad Rush’ Leads to Inconsistent Swaps Rules, O’Malia Says

John Zich/Bloomberg

Scott O'Malia, commissioner of the Commodity Futures Trading Commission, said the agency has reached inconsistent outcomes in the process for registering swap data repositories because agency employees have adjusted rules after they have been approved by commissioners.