Well, I think that what happened in 2008 and what was addressed by Congress was to ensure that the transparency comes to these markets and we lower risk in the markets if U.S. comm...
We worked to comply with the cost/benefit considerations as laid out by Section 15(a) of our statute.
I am committed to take a look in November to see if there are things that we should do.
As you described it, Senator, I believe so.
We do believe that we have sufficient legal authority.
I think it was the clear intent of Congress that pensions would be able to use swaps to hedge their risk.
It is our understanding that there is an exemption for end users vis-a-vis margin.
I look forward to continued work on coordination with FSOC with respect to money market funds.
the Commission recognizes the importance of monitoring systemic risk and promoting financial stability.
the coordination of the FSOC agencies will continue to be a vital consideration.
we look forward to working closely with Congress to continue addressing these critical issues.