GFI's Michael Cosgrove to CFTC’s Scott O’Malia
This month, Michael Cosgrove, managing director, head of energy and commodities, at GFI Group, puts his questions to Scott O’Malia, commissioner at the US Commodity Futures Trading Commission (CFTC)
Q1. Can you tell us briefly about your background and how you came to the CFTC? Any regrets?
I have spent most of my career in policy making on Capitol Hill, specifically in energy-related areas. I also worked from 2001 to 2002 at energy trading company, Mirant. At that time, California's energy crisis and Enron occurred. These were eye-opening experiences that demonstrated the impact of flawed market design and the lack of oversight. That was a pretty critical time in understanding and
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