CFTC Regs Would Boost End-User Costs

The U.S. Commodity Futures Trading Commission’s proposed derivatives regulation will like raise costs for end users, said Scott O’Malia, a CFTC commissioner, reports Reuters.

The U.S. Commodity Futures Trading Commission’s proposed derivatives regulation will like raise costs for end users, said Scott O’Malia, a CFTC commissioner. O’Malia also said that a proposal to exempt end users from clearing is too narrow, and that draft rules “ignored Congressional direction” to keep costs down for end users such as power companies and airlines.

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