When Scott O’Malia approved the final swap execution
facility (SEF) rules in August 2013, he did so “reluctantly”.
His fears were realized when the regime quickly wrought
international havoc. In one of his last interviews before
leaving the US Commodity Futures Trading Commission
(CFTC), he relives the ordeal of bringing these rules to
market and highlights many of the challenges still to come.
Catherine Snowdon,
August 08, 2014