CFTC Commissioner O'Malia Calls CFTC Rule Making Process a "Train Wreck"

In a speech at the "AICPA/SIFMA FMS Conference On The Securities Industry," CFTC Commissioner Scott O'Malia discussed the post-Dodd-Frank derivatives landscape within the context of the (i) transaction rules, (ii) capital and margin rules, and (iii) Congress's legislative review role for the coming year.