CFTC’s Scott O’Malia to Resign

CFTC’s Scott O’Malia to Resign

CFTC Commissioner Scott D. O’Malia announced yesterday that he will be resigning next month “to pursue other opportunities,” only seven weeks after the Obama administration via Senate approval appointed two new commissioners and a new chairman.

 

New Derivatives Rules to Burden Ops

New Derivatives Rules to Burden Ops

The SEC’s decision to apply Dodd-Frank rules to overseas derivatives trading will add significantly to the to-do list for the back-office. The good news is that Ops managers will play a greater role in advancing derivatives processing.

Josh Brodman must be a little nostalgic for the time—only about a year ago—when the fine print of the clearing and execution reforms for derivatives trading was still being finalized. At the time, he was an operations manager for a multi-strategy, event-driven fund with several billion under management.

New Collateral Rules Shatter an Ops Silo

New Collateral Rules Shatter an Ops Silo

As the industry adjusts to regulatory changes, the back office will have to share control of collateral management with the middle and front offices.

As collateral management gets greater attention from the front office and regulators, it may cease to be an operational silo governed by the back office as it is at some firms. In other cases, new collateral functions may cause firms to

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    CFTC’s Scott O’Malia to Resign

    CFTC Commissioner Scott D. O’Malia announced yesterday that he will be resigning next month “to pursue other opportunities,” only seven weeks after the Obama administration via Senate approval appointed two new commissioners and a new chairman. In his July 21…
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