We do not regulate prices or the level of prices, or volatility itself, but we have to ensure that the markets have inte...
I thank you for inviting me to today's hearing on implementing the Wall Street Reform and Consumer Protection Act.
We are very sensitive to end-users. End-users--the corporations, tens of thousands of them, municipalities, hospitals, s...
Historically I think there is some truth to that. Clearinghouses, though, under the new Dodd-Frank would be far more ope...
I also want to congratulate Chairman Lucas on becoming Chairman of this Committee that is so critical to both the econom...
Openness and competitiveness was at the core of what Congress asked us to do in these rules.
the market loses transparency. The market greatly benefits from real-time reporting.
we feel that we have to follow Congress
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 don't have the budget or resources to oversee.
This is a challenge because our great nation has too much debt.
We are working very closely with the foreign regulators to ensure, as best we can, with different cultures and different...
Let me assure you, I share your view. July 20, the day before the President signed a bill, we got the 30 team leads toge...
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 th...
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 Jul...
Based on Bank for International Settlements data, it is somewhere in the order of nine or ten percent of notional amount...
The market worldwide is about $600 trillion notional, about a little less than half of that is here, but let us call it ...
