CFTC has ‘turned the corner’ on swap data mess, says O’Malia

Scott O'Malia, CFTC

The data on over-the-counter derivatives being collected by the US Commodity Futures Trading Commission (CFTC) is in a sorry state and riddled with inconsistencies that make it difficult for the agency to fulfil its oversight mission, according to commissioner Scott O'Malia. But the commission has belatedly recognised the problem and is taking steps to fix it, he adds. "I think we've turned the corner," says O'Malia, in an exclusive interview with Energy Risk. In particular, he cites the rece