One of the lessons we learned through the crisis is that financial institutions were not only too big to fail, but also too interconnected to be allowed to fail.
Regulating derivatives dealers is important because this financial crisis has taught us that the derivatives trading activities of even one ...
Comprehensive regulation of the over-the-counter derivatives market, I believe, will require two complementary regimes.
I absolutely agree. I believe that a resolution regime should provide legal restrictions on how counterparty assets held by OTC derivatives ...
Congress also should explicitly authorize regulators to require derivatives dealers and counterparties to segregate, or set aside, from thei...
I believe, however, that we need to explicitly have in statute and by rule capital requirements for their derivatives exposure.
If I might add also, I know it is outside our remit, but the Administration has talked about those institutions that are so systemically rel...
I strongly encourage Congress to build off this proposal and enact legislation that will bring even more vital transparency and oversight to...
The need for reform of our financial system parallels what we faced as a nation in the 1930s.
We have to bring comprehensive regulation to the over-the-counter (OTC) derivatives markets.
Transparency and efficiency would also improve for all end-users if we bring them onto regulated exchanges or trading venues.