{"id":2101,"date":"2013-04-29T09:37:43","date_gmt":"2013-04-29T13:37:43","guid":{"rendered":"http:\/\/centerforfinancialstability.org\/wp\/?p=2101"},"modified":"2013-04-29T09:37:43","modified_gmt":"2013-04-29T13:37:43","slug":"commissioner-omalia-speech-criticizes-the-cftcs-implementation-of-dodd-frank","status":"publish","type":"post","link":"https:\/\/centerforfinancialstability.org\/wp\/2013\/04\/29\/commissioner-omalia-speech-criticizes-the-cftcs-implementation-of-dodd-frank\/","title":{"rendered":"Commissioner O&#8217;Malia Speech Criticizes the CFTC&#8217;s Implementation of Dodd-Frank"},"content":{"rendered":"<p>CFTC Commissioner Scott D. O&#8217;Malia delivered a speech highlighting what he viewed as some of the principal failures of the CFTC&#8217;s rulemaking.&nbsp; <!-- break --><\/span><span class=\"Body\">The problems he claimed in the speech were: (i) the recordkeeping rules do not work and the CFTC is not able to use the information it receives; (ii) there is not even draft guidance on how substituted compliance should be implemented and the expiration date of the CFTC&#8217;s guidance is nearing; (iii) the CFTC&#8217;s rules on business conduct fail to take into account how market participants actually trade; and (iv) the CFTC does not perform any meaningful cost-benefit analysis of its rules.&nbsp; <br \/><\/span><\/p>\n<p class=\"Comment_Box\"><span class=\"Subheader\">See<\/span><span class=\"Subheader\">:<\/span> <a href=\"http:\/\/www.cftc.gov\/PressRoom\/SpeechesTestimony\/opaomalia-25\">Foreign Exchange Committee, Forum on the Dodd-Frank Act and the Foreign Exchange Market<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CFTC Commissioner Scott D. O&#8217;Malia delivered a speech highlighting what he viewed as some of the principal failures of the CFTC&#8217;s rulemaking.&nbsp; The problems he claimed in the speech were: (i) the recordkeeping rules do not work and the CFTC &hellip; <a href=\"https:\/\/centerforfinancialstability.org\/wp\/2013\/04\/29\/commissioner-omalia-speech-criticizes-the-cftcs-implementation-of-dodd-frank\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2101","post","type-post","status-publish","format-standard","hentry","category-reg"],"_links":{"self":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/2101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/comments?post=2101"}],"version-history":[{"count":2,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/2101\/revisions"}],"predecessor-version":[{"id":2103,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/2101\/revisions\/2103"}],"wp:attachment":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/media?parent=2101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/categories?post=2101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/tags?post=2101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}