Mary L. Schapiro: “I am not a big believer in voluntary regulation and I think that this is an area where we need authority.”

This is about my belief that their structure presents systemic risk.

This time around, I have had more than a few people in my office weeping with fear about what might happen to them because one person or another was looking into their behavior.

Do I wish now that he had been more sensitive to the potential of this issue to raise an appearance of conflict? Yes.

Following the biggest financial crisis since the Great Depression, Congress passed legislation that is already reshaping the U.S. regulatory landscape.