I believe that it is the large financial institutions that pose the greatest risk.
I think the practical effect of the administration proposal, which I do fully support, is to lower the risk to the American public.
I think we need to enhance the CFTC's authority to police the markets against manipulation.
One is promoting transparency of the markets, and two, lowering risk of these markets to the American public.
I think it is important that trade repositories and clearinghouses... be robustly regulated by the market regulators for governance.
Increasing transparency for the standardized derivatives should enable both large and small end users to obtain better pricing on their deri...
I think if we bring transparency all the treasurers and assistant treasurers can see the pricing, we are going to see that small businesses ...
I thank you for asking because I wasn't able to say it in my oral testimony, but clearinghouses reduce risk immediately upon a default that ...
I think that we should work with this Committee and, hopefully, with Congress to clarify, because that would actually raise risk of clearing...
I think, Congressman, you have hit upon the core question for Congress in this.
We have a fundamental crack or a problem in our foundation here in that the system designed to hedge risk, to ameliorate risk, actually has ...