The revolving door in U.S. government regulation has never spun faster

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U.S. Swaps Regulator O'Malia to Head Bank Lobby Group

By Douwe Miedema and Michelle Price
Reuters
Wednesday, July 23, 2014

A member of the U.S. Commodity Futures Trading Commission will become the new head of a bank lobby group that is fighting the derivatives regulator in court over a crucial new rule curtailing Wall Street.

The International Swaps and Derivatives Association said on Wednesday that Scott O'Malia, a Republican who often voted against new CFTC policy in the wake of the financial crisis, will become the trade group's next chief executive.

O'Malia will start his new job as of Aug. 18, ISDA said. The news came only days after O'Malia said he planned to leave the CFTC as of Aug. 8. ...

... For the rest of the story:

http://www.reuters.com/article/2014/07/23/us-regulator-derivatives-swaps...



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