We have a fundamental crack or a problem in our foundation here in that the system designed to hedge risk, to ameliorate risk, actually has ...
I think that goes a far way to the Congressman's question but also to have the ability to set aggregate position limits, not only in the fut...
We have to bring comprehensive regulation to the over-the-counter (OTC) derivatives markets.
Transparency and efficiency would also improve for all end-users if we bring them onto regulated exchanges or trading venues.
I believe we cannot afford any more multi-billion dollar bailouts of ineffectively regulated derivatives dealers.
They would still be fully regulated but regulated through the dealer regulation.
One year ago at this time, the financial system failed the American public, and the financial regulatory system as well failed the American ...
eliminating gaps in the current regulatory system to reduce risk, protect market integrity and promote market transparency by adopting compr...
eliminating cases in which the SEC and CFTC regulate similar products, practices or markets in a different manner when those differences cou...
I think our financial regulatory system failed, so I would look forward to working with however Congress addresses this issue.
The benefit of bringing the marketplace into transparent exchanges and on to clearinghouses is very important.
I think that our two agencies need to do a far better job where we have joint oversight.
We must now do all we can to ensure that this does not happen again.
I mean that was one of the features that I am glad to have the right staff here.
A lot of the pushback is because in an opaque world, a call-around market, et cetera, you make more fees.
The American public bears a lot of risk in that crisis that we have lived through.
I absolutely agree. I believe that a resolution regime should provide legal restrictions on how counterparty assets held by OTC derivatives ...
Comprehensive regulation of the over-the-counter derivatives market, I believe, will require two complementary regimes.
