David Scott actually said...

I think it has been a check box, and I think it has been verbally addressed, but it has never been actually addressed.

Scott emphasizes that corporate commitments to equity are often superficial and lack real action.

06/02/2020

More David Scott Quotes

I feel that we have a responsibility to make sure that all neighborhoods are served and if banks don't want to be any part of helping low-in...

We need to beware of the ides of our banking regulators and nowhere is this more poignant than with our pawnbrokers.

We need to prohibit this. We need to send a very loud message to the banking community.

It forces banking regulators to recognize the exposure-reducing nature of client margin for cleared derivatives.