And are you willing to revise this carve-out to make it meaningful to non-systematically risky commercial companies that offer swaps, so that they can conduct their business without being caught up in the same net as the large banks?
David Scott questions the need for revisions to protect smaller companies from regulations.
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Congressman Frank Lucas and I raised concerns with how this move could impair market liquidity and hinder the SEC's core mission to maintain fair, orderly, and efficient markets.
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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