CFTC's O'Malia takes on global data mission as ISDA head

By Hazel Sheffield
24 Jul 2014

When Scott O’Malia, commissioner at the Commodity Futures Trading Commission in Washington DC, takes up his new role as chief executive officer of the International Swaps and Derivatives Association, derivative trade data will be top of the agenda. Though swap data reporting has been running for two years in the US, there is still no automated way to crunch the data — a problem on both sides of the regulatory fence which O'Malia has been trying to solve for years at the CFTC.

“Data is paramount because I know how important it is to the regulators, and getting that right and being able to aggregate data and develop a good taxonomy is a key issue. I think ISDA, because of its role in the market, can play a key ...

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