This video is no longer available online.
The Dodd-Frank Act has led to a torrent of new rulemaking by financial regulators, including the Commodity Futures Trading Commission (CFTC). The CFTC has engaged in more proposed rulemakings over the past six months than it has in the previous 10 years, including a radical restructuring of the derivatives market. This rush to regulate hardly allows it to even consider the impact of its new rule proposals, says CFTC Commissioner Scott O’Malia. The result could be costly rules that distort financial markets, limit access to capital, and increase costs for commercial end-users, putting further strains on the already struggling economy. It’s time for the CFTC to slow down, he says, and carefully consider the implications of its decisions. We hope you can join us as Commissioner O’Malia rings the alarm bells over the activities of this often-overlooked agency.
More About the Speakers
The Honorable Scott D. O’Malia
Commissioner, Commodity Futures Trading Commission
David C. John
Senior Research Fellow in Retirement Security and Financial Institutions