CFTC 'needs to do better job' of weighing Dodd-Frank costs, says O’Malia
Cost-benefit analyses conducted by the Commodity Futures Trading Commission (CFTC) on its proposed Dodd-Frank Act rule-makings have been of a "fairly low" standard and must be strengthened to ward off future legal challenges, one of the agency's commissioners has warned.
Speaking at an International Swaps and Derivatives Association event in New York yesterday, commissioner Scott O'Malia acknowledged a big improvement is needed in the sophistication of the CFTC's analysis of costs likely to be
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