Based on Bank for International Settlements data, it is somewhere in the order of nine or ten percent of notional amount is between non-fina...
The market worldwide is about $600 trillion notional, about a little less than half of that is here, but let us call it $300 trillion.
I think so. Congress has actually asked us to do it by July, and we are human, so some of it will certainly be after July.
We are working very closely with the foreign regulators to ensure, as best we can, with different cultures and different political systems t...
Let me assure you, I share your view. July 20, the day before the President signed a bill, we got the 30 team leads together and I said we s...
So you could see what is--there is a lot at stake here, and end-users can't always see these little basis points, but they add up like the g...
This is a challenge because our great nation has too much debt.
We don't have the budget or resources to oversee.
it is more informed because Congress tells us what we have to do
We are absolutely listening and the five Commissioners--the back and forth is working.
we feel that we have to follow Congress
Historically I think there is some truth to that. Clearinghouses, though, under the new Dodd-Frank would be far more open, because that is w...
We are very sensitive to end-users. End-users--the corporations, tens of thousands of them, municipalities, hospitals, small real estate dev...
I also want to congratulate Chairman Lucas on becoming Chairman of this Committee that is so critical to both the economy and American agric...
the market loses transparency. The market greatly benefits from real-time reporting.
Openness and competitiveness was at the core of what Congress asked us to do in these rules.
Attorney General Eric Holder says he's authorizing significant actions to investigate the document dump.
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