Scott O’Malia, Chief Executive Officer of the International Swaps and Derivatives Association, Inc. (ISDA) will be our guest speaker at the Exchequer Club luncheon on Wednesday, January 16, 2019 at the Mayflower Hotel, Palm Court Ballroom.
Prior to joining ISDA, Mr. O’Malia served as a Commissioner of the Commodity Futures Trading Commission (CFTC) from October 2009 to July 2014. Prior to that, he served as the Staff Director to the U.S. Senate Appropriations Subcommittee on Energy and Water Development. From 2003 to 2004, Mr. O’Malia served on the U.S. Senate Energy and National Resources Committee under Chairman Pete Domenici (R-N.M.), as Senior Policy Advisor. From 1992 to 2001, he served as Senior Legislative Assistant to U.S. Senator Mitch McConnell (R.Ky.), now the Senate Majority Leader. During his career, Mr. O’Malia also co-founded the Washington office of Mirant Corp., where he worked on rules and standards for corporate risk management and energy trading among wholesale power producers.
In his time at the CFTC, Mr. O’Malia promoted the use of technology to more effectively meet the agency’s oversight responsibilities and advocated for the CFTC to adjust and adapt to its evolving mission after the passage of the Dodd-Frank Act. He reestablished the long-dormant CFTC Technology Advisory Committee (TAC) where he focused on technological innovations in the market and advocated for increased use of technology by the commission. His efforts also include championing swap execution facilities (SEFs) as innovative, flexible and transparent platforms that will encourage the trading of swaps on exchange; and improvements to the swaps data recordkeeping and reporting rules.
Mr. O’Malia also emphasized the importance of international cooperation and harmonization with foreign jurisdictions to effectively and efficiently regulate the global futures and swaps markets, in accordance with the principles set forth by the G-20. Born in South Bend, Indiana and raised in Williamston, Michigan, Mr. O’Malia earned his bachelor’s degree from the University of Michigan