CFTC reviews of derivative exchange applications should be consistent, O’Malia says
By Neil Roland ( January 30, 2013, 22:07 GMT | Insight) -- Firms seeking to become derivative exchanges should be given uniform regulatory reviews instead of the “inconsistent and sometimes contradictory” evaluations used for electronic swap-data warehouses, a U.S. Commodity Futures Trading Commissioner said. CFTC member Scott O’Malia said that the rules for so-called swap execution facilities (SEFs) could be voted on as early as mid-February. Washington – Firms that apply for licenses to operate as derivative exchanges should be given uniform regulatory reviews instead of the “inconsistent and sometimes contradictory” evaluations used for electronic swap-data warehouses, a U.S. Commodity Futures Trading Commissioner said....
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