O’Malia urges CFTC to rethink Sef registration rules
Current regulations promote market fragmentation
Scott O'Malia, the new chief executive of the International Swaps and Derivatives Association (Isda), has urged his former colleagues at the Commodity Futures Trading Commission (CFTC) to rethink the Dodd-Frank rules on swap execution facility (Sef) registration amid concerns they are magnifying market fragmentation.
O'Malia, who spent five years as a commissioner of the CFTC, said the regulator's micro-managing attitude to the Sef equivalency rules, which would allow European platforms to offer
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