On the recordFebruary 14, 2011
We were intentional in not asking for flexibility for swap dealers.
Source
congress.govWe were intentional in not asking for flexibility for swap dealers.
Gensler emphasizes Congress's intent to limit swap dealers' flexibility for transparency.
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I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.
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.
If I can say, breaking the law and not liking the law are different than lack of clarity.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.