We should not then be surprised when the two agencies propose inconsistent approaches to the same rule sets.

While I applaud the SEC for taking a more flexible approach relative to CFTC, both agencies need to make their rules more accommodative of the different types of SEFs to provide maximum choice in trade execution to market participants.

We should not then be surprised that the two agencies have proposed inconsistent approaches to the same rule sets.

While the Dodd-Frank Act missed a great opportunity, in my opinion, to merge the SEC and Commodity Futures Trading Commission and stop the bifurcation of futures and securities markets--we lost that opportunity then--we should at least…

While Title VII of the Dodd-Frank Act states that the SEC and the Commodity Futures Trading Commission shall consult and coordinate to the extent possible for the purpose of assuring regulatory consistency and compatibility, it appears…

I rise today to honor one of my longtime staff members, who has decided for the second time to leave my employ. Dorothy Boger's service as part of my staff started on the first day I became a Member of Congress; she was the veteran…

And if that is the case, I believe, and I do not want to speak for him, but I believe Mr. Edmonds in the first panel indicated that that increased margin requirement would be a cost on end user transactions that would not necessarily be…

From my perspective, and I do not propose that I am anywhere close to the expert that you or the others on the panel are to these regulations, but it seems to me from what I am hearing that--it appears that although there is the confusion…

So if I were to look at two of the important issues related to end users, one, their ability to have a customized product, and two, the impact of margin requirements, would you say that you feel that there is adequate protection for those…

And you would agree, also, Mr. Duffy, though, that it will undoubtedly drive up the cost of these transactions?

it seems to me like we are raising the cost of capital and reducing the availability of capital for very little benefit.

I remain concerned that the mandatory clearing requirement could force clearinghouses to take on risk that is not adequately understood or managed.

I would say for the market as a whole.

my colleagues Senators Jim Risch, Amy Klobuchar and Al Franken join me today in honoring the life of Harmon Clayton Killebrew. We join with his family and friends in mourning his passing and paying tribute to his inspirational life. Harmon…

to create a lot of capital burdens, to make them hold capital just to sit around pulls that credit out of the system

I think could be pretty devastating to the consumer credit markets.

I yield back all time. The PRESIDING OFFICER. The question is, Will the Senate advise and consent to the nomination of Susan L. Carney, of Connecticut, to be U.S. Circuit Judge for the Second Circuit? =========================== NOTE…

I was successful in getting an amendment adopted that would focus on commercial real estate to give the rule makers more flexibility.

The implications of how we resolve this issue are going to have huge consequences for our economy, and we have got to get it right.

Thank you very much, Senator Reed, and I appreciate you holding this hearing.

we are thankful to both Senator Crapo for his amendment to Dodd-Frank that created specific a CMBS retention framework

If we are going to encourage private money that is still sitting on the sidelines to return to security markets, we need to provide the appropriate balance between the strong standards that will align the interests of lenders, issuers, and…

We are thankful to Senator Crapo, who added a provision to Dodd-Frank requiring the regulators to specifically address some of the unique issues and opportunities posed by the CMBS asset class in crafting the risk retention rules for CMBS.

If we do not take another look at this and get the kind of flexibility that you are talking about, do you believe that we will see an unnecessary restriction of consumer activity and lending in the market?

the B-piece of the first loss position buyer is often also the special servicer charged with working out troubled loans, and that raises conflict-of-interest concerns for some of our constituents.