the best way to assure that these global markets continue to stay global and you don't have local solutions to deal with this issue, is to do away with any impediments or fragmentation, and we see indemnification as an impediment to the globalization of the market.
David Scott emphasizes the need for global market integration by removing indemnification barriers.
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I disagree with that. There are numerous studies from the Bank for International Settlements (BIS), which is a widely-acclaimed source. It is neutral, it is not political, and it says that higher capital decreases lending.
I remain deeply concerned that this will further diminish the credit capacities and weaken the economic conditions of our American people.
Yes, because if we increase the capital associated with taking a position and a derivative, it is going to increase the costs.
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