News Article The CFTC should voluntarily follow President Barack Obama's effort to streamline regulations as it sets new rules on the $583 trillion swaps market, two top House Republicans said. The "wide-ranging impact" of Dodd-Frank's derivatives measures "warrants a commitment to uphold the same standard of review that the president has set for other federal agencies." Publication Bloomberg Date January 27, 2011 Cross References Dodd-Frank Act, Title VII

News Article The CFTC should voluntarily follow President Barack Obama's effort to streamline regulations as it sets new rules on the $583 trillion swaps market, two top House Republicans said. The "wide-ranging impact" of Dodd-Frank's derivatives measures "warrants a commitment to uphold the same standard of review that the president has set for other federal agencies." Publication Bloomberg Date January 27, 2011 Cross References Dodd-Frank Act, Title VII

News Article Trading in the US swaps market will be concentrated in about 10 trading venues, according to a senior regulator, as the high cost of complying with tough new reporting rules limits potential entrants. The estimate by CFTC Commissioner Scott O'Malia is lower than previous ones. Mr . O'Malia said swaps trading venues needed the resources to comply with rules aimed at boosting derivatives transparency. He said too many trading venues in the swaps market might lead to a "fractured market", and this could create liquidity problems. Meanwhile, investors and dealers are concerned that

News Article The CFTC unveiled two proposals on Wednesday that would require funds, commodity pools and commodity trading advisors file reports to regulators on their operations, part of a sweeping series of Wall Street reforms. The futures regulator's five commissioners voted unanimously to support the plans at a public meeting. Scott O'Malia, a Republican commissioner, said the new requirements would rescind certain reporting requirement exemptions for commodity pool operators (CPOs) and commodity trading advisors (CTAs). "I continue to support the repeal of certain exclusions to

News Article While big brokers are spending hundreds of millions of dollars on technology for connectivity to clearing houses and swap execution facilities (SEFs) to be in compliance with Dodd-Frank, their regulator is not going to have the risk management tools to watch over their trading. "Putting people ahead of technology will not ensure our compliance with Dodd-Frank, and it will certainly not ensure that we do so in the most cost-effective manner," said CFTC Commissioner Scott O'Malia. Publication Advanced Trading Date January 26, 2011 Cross References Dodd-Frank Act, Title VII, Secs