CDSs are, in fact, a species of insurance, and naked swaps are more akin to gaming than insurance since they lack insura...
the goals of this draft bill would be best realized and enacted by the states; whether the CFMA was overbroad in its int...
I am pleased to be here today on behalf of NCOIL to discuss draft legislation titled the 'Derivatives Markets Transparen...
I think we agree that a group of states together in either compact or with model legislation would come up with a nation...
I certainly don't dispute the fact that credit default swaps play an important role in our financial institutions, but t...
I believe we do, and the superintendents of the various states together with NAIC, which is their organization, in conju...
I would just like to note that the argument that naked CDSs, as I would define them, that don't provide any hedge at all...
Well, thank you Congressman. I just would point out, as I mentioned in my testimony, that if you look at AIG from the pe...
I have a lot of sympathy for that, but I suspect that maybe a lot of what you want to accomplish can be accomplished by ...
What worries me that everybody is going to have these position limits, on-exchange off-exchanges, that means that market...
I would argue a couple of things.
I would point out that, as it relates to state regulation of insurance companies, that we have reserving requirements an...
You contrast that with the financial services arm of AIG, unregulated, and by virtue of the Commodity Futures Modernizat...
But nothing can match electrification. I don't care what you are doing with locomotive.
We need to have a real auditor that has some accountability.
The industry is coming to agree with me.
I am confident that the changing of the guard, particularly the appointment of Mary Schapiro as the new SEC Chairman, wi...
Senator Schumer
