Energy Risk USA: Dodd-Frank implementation 'maddening', says O’Malia

Scott O'Malia
Scott O'Malia, CFTC

The US Commodity Futures Trading Commission (CFTC) practice of finalising rules to implement the Dodd-Frank Act and then granting last-minute exemptions is "maddening" and detrimental to open government, according to CFTC commissioner Scott O'Malia.

Speaking at the Energy Risk USA conference in Houston on May 14, O'Malia accused the agency of rushing to finalise Dodd-Frank rules, leaving it with no choice but to offer relief to "unworkable" regulation.

"This is no way to develop the rules... We