Nov 2, 2011
No, I think this was an example, actually, of a financial institution having the freedom to fail.
Gary Gensler
The Public Record
Gary Gensler is the current Chair of the U.S. Securities and Exchange Commission (SEC), having been appointed by President Joe Biden in April 2021. A member of the Democratic Party, Gensler has a background in finance and public service, previously serving as the Chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014. He is known for his focus on financial regulation and consumer protection, emphasizing the importance of transparency and fairness in the financial markets. Gensler has also been a professor at the MIT Sloan School of Management, where he taught courses on blockchain technology and digital currencies.
congress.gov
Nov 2, 2011
I think that there are a number of things that have changed in our marketplace, and you have addressed one important one.
Nov 2, 2011
I think our financial system failed in part because our regulatory system failed in 2008.
Nov 2, 2011
I thank you for inviting me here today to talk about the changing nature of the derivatives markets and on position limit rules.
Nov 2, 2011
I voted for the rule. I did because I think Congress mandated that we do it, but I also believe that it helps promote the integrity of markets.
Jul 20, 2011
The SEC and CFTC have worked jointly on those definition rules. So in that case we are actually aligned.
Jul 20, 2011
I think it is our responsibility, each of us, to make sure taxpayers do not stand behind any financial institution, not clearinghouses.
Jul 20, 2011
I think that is right. We will complete the rulewriting process. It will be thoughtful.
Jul 20, 2011
If your agency does not receive sufficient funding, businesses could see delays in reviewing applications and requests.
Politicians like Gary Gensler
