On the recordApril 11, 2011
The reforms mandated by Congress will reduce systemic risk to our financial system and bring sunshine and competition to the swaps markets.
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congress.govThe reforms mandated by Congress will reduce systemic risk to our financial system and bring sunshine and competition to the swaps markets.
Gensler emphasizes the importance of reforms for reducing systemic risk in financial markets.
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The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.