Mary L. Schapiro: “This year we find ourselves at a critical juncture, and that is because the Congress has challenged us not only to…”

It seems to me that we have to build a system in this country that makes people want to do business here because a race to the bottom will not serve anybody well.

We have to have an overriding concern that the integrity of a clearinghouse not be compromised.

I believe that the definition of 'accredited investor' as it stands today does a poor job of screening out people who are unsophisticated.

But I would also note that in the Senate Agriculture Committee bill, there is a fiduciary duty that swap dealers owe to pension plans and municipalities, and that seems to me to be a very good idea.