CFTC's O'Malia calls for more technology infrastructure

05/16/2013 | Risk.net (subscription required)

Scott O'Malia of the Commodity Futures Trading Commission wants the regulatory agency to focus on technology to help cope with the dramatic increase of data brought by rules mandated by the Dodd-Frank Act. "We have found we are very good at prescribing appropriate behavior to you," he said at a recent conference. "We have not done so well in developing our own standards and systems in order to develop our own data strategy."

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