Scott O'Malia: time for a regulatory time out

Isda chief calls for a pause in rule-making to "fix the errors"

Scott O'Malia, International Swaps and Derivatives Association

A time out, a stock-take, a chance to fix some problems – that is what Scott O'Malia, chief executive of the International Swaps and Derivatives Association wants from regulators as Isda heads into its thirtieth annual general meeting, with post-crisis reforms still the industry's biggest headache.

"Now would be the right moment to call time out, assess where we are and do both the quantitative and qualitative assessments of what this market looks like before we take further steps. Everybody's

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