The job market for regulators and high-ranking government officials appears to be booming! This week, Scott O’Malia announced he was resigning his position from the top derivatives regulator to seek other opportunities. O’Malia, 46, who served on the Commodity Futures Trading Commission for four years, plans to step down on Aug. 8. Many observers did a double take, because O’Malia is going to head the International Association of Swap Dealers (ISDA) -- the top trade association representing swap dealers -- the very industry he was regulating.
OMG. Scott O'Malia, who was deeply critical of the CFTC rulemaking process, is 2 head bank group, ISDA. And he gets 10 days off in between.— Michelle Price (@michelleprice36) July 23, 2014
Next Page: O'Malia's LegacyIvy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio