On the recordNovember 17, 2009
I think it is important that trade repositories and clearinghouses... be robustly regulated by the market regulators for governance.
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congress.govI think it is important that trade repositories and clearinghouses... be robustly regulated by the market regulators for governance.
Gensler emphasizes the need for robust regulation of trade repositories for public transparency.
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That is because--and with all respect, that is because they are choosing to try to not comply with U.S. law.
If I can say, breaking the law and not liking the law are different than lack of clarity.
I do share your concerns that this is a field that is rife with fraud and manipulation and scams.