09/08/2014
https://www.congress.gov...
"the ultimate goal of SIFI designation is to reduce risk, not to simply create a whole new level of regulation."
"Well, thank you, Senator Scott, and I can speak for myself that at the level of this Committee and Congress, we are really glad to have someone with expertise in this industry to talk with us and work..."
"I believe that FSOC should be clearer about the relative importance of those activities in its overall designation."
"I hear the same thing argued from the other side, folks worried that it may be utilized to force the United States to adopt standards or designations that we did not want to nor need to adopt."