On the recordJune 3, 2009
I think one of the lessons is that we need at the Federal level some clear authorities and mandates from Congress as to when a regulator can step in to protect against systemic risk.
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congress.govI think one of the lessons is that we need at the Federal level some clear authorities and mandates from Congress as to when a regulator can step in to protect against systemic risk.
Gensler emphasizes the need for clear regulatory authority to manage systemic risk.
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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.
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 really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.