I think that at the core, we lost over 7 million jobs in this country because both the financial system and regulatory system failed the test.
It seems to me that one of the great accomplishments of Dodd-Frank was to pull derivatives trading out of the shadows and into the sunlight.
Am I correct that you require a swap execution facility to include a central trading screen where everyone can see everyone else's prices?
Because it seems to me that your proposal differs and hasn't taken Congress' directive as seriously as the CFTC is.
I think the entire regulatory system failed the American public, so I would have to include all of us regulators, in a sense and yes, in the...
the end users wouldn't benefit from any transparency.
We were intentional in not asking for flexibility for swap dealers.
No, unless it is going to break the law.
I think there has to be a freedom to fail. I think there will be banks that fail in the future as there have been for centuries in the past.
Proposed rules on margin shall focus on transactions between financial entities rather than those transactions that involve non-financial en...
I think it has extended it across a 24 hour timeframe, and that there are more news events that can move a market overnight.