Scott O'malia

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• House Passes Bill to Limit CFTC’s Cross-Border Swaps Authority

  House lawmakers passed legislation yesterday that would curb the U.S. Commodity Futures Trading Commission’s authority to oversee the $633 trillion global swaps market.

• Credit Traders Said to Win SEC Relief in Portfolio Margin Rules

  Hedge funds and asset managers will win partial relief from Dodd-Frank Act collateral requirements for credit-default swaps under a policy shift to be announced this week, according to two people briefed on the matter.

• Wall Street Wins Rollback in Dodd-Frank Swap-Trade Rules

  JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world’s largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition.

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  Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says

  Dodd-Frank Act derivatives rules are failing to give regulators a full picture of the swaps market and wouldn’t help them detect a loss similar to JPMorgan Chase & Co.’s London Whale trades, according to Commodity Futures Trading Commission member Scott O’Malia.

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

  The U.S. Commodity Futures Trading Commission is overreaching in its Dodd-Frank Act rulemaking, undermining efforts to provide certainty to the swaps market, according to Scott O’Malia, a Republican commissioner.

• Swaps Clearing Plan May Be Too Expensive, O’Malia Says

  A proposal to divvy up margin payments of individual swaps users at clearinghouses rather than allowing accounts to be treated as one pool by banks representing multiple customers may make guaranteeing trades too expensive, a U.S. commodity regulator said today.

• ‘Little Child’ CFTC Ignores Futures Oversight Role, O’Malia Says

  The U.S. Commodity Futures Trading Commission is fixating childishly over Dodd-Frank Act rules while ignoring its traditional responsibility for overseeing futures markets, Commissioner Scott O’Malia said today.

• O’Malia Urges CFTC Emergency Oversight in Response to Peregrine

  The U.S. Commodity Futures Trading Commission, probing a shortfall of $200 million in client funds at Peregrine Financial Group Inc., must take immediate steps to safeguard customer funds, a Republican commissioner said today.

• CFTC to Focus on Swaps Data to Shape Regulations, O’Malia Says

  The Commodity Futures Trading Commission will focus on collecting data to inform how it completes regulation of the $583 trillion over-the-counter derivatives market, said Commissioner Scott O’Malia .

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  Inter-Dealer Swaps to Face Open Trading, O’Malia Says

  Bank-to-bank trading in private derivatives will have to be done on systems available to all market users, opening a previously closed arrangement to competition, said Commodity Futures Trading Commissioner Scott O’Malia .

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