Yes. I understand that. But did the employees of the New York Fed who were involved in market surveillance tell you of this conversation or perhaps others like it, that it was not just theoretically possible but participants in LIBOR admitted that they were, in fact, misreporting--did they--were you told that it was not just a theoretical vulnerability, that, in fact, it was happening?
Miller questions whether New York Fed employees reported actual LIBOR misreporting.
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More from GARY G. MILLER
It is essential that Congress fully understand the impact international regulatory standards will have on the competitiveness of U.S. insurers.
Whether you support GSEs or not, if they are out of the marketplace in this market, it could be devastating.
While I strongly believe in coordination among international regulators, we must resist the tendency of pursuing a one-size-fits-all approach.
For the past century, and through multiple financial crises, the State-based insurance regulatory system in the United States has been successful and has protected policyholders.
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