I believe we cannot afford any more multi-billion dollar bailouts of ineffectively regulated derivatives dealers.
The benefit of bringing the marketplace into transparent exchanges and on to clearinghouses is very important.
I look forward to working with the Congress and other Federal regulators to apply comprehensive regulation to both deriv...
limiting overlapping regulation by the SEC and CFTC to only where it is beneficial, and eliminating opportunities for ar...
We must now do all we can to ensure that this does not happen again.
eliminating cases in which the SEC and CFTC regulate similar products, practices or markets in a different manner when t...
eliminating gaps in the current regulatory system to reduce risk, protect market integrity and promote market transparen...
One year ago at this time, the financial system failed the American public, and the financial regulatory system as well ...
They would still be fully regulated but regulated through the dealer regulation.
A lot of the pushback is because in an opaque world, a call-around market, et cetera, you make more fees.
The American public bears a lot of risk in that crisis that we have lived through.