I think if we don't cover all dealers regardless of whether they are deposit-taking institutions... we will see business migrate from well-regulated institutions to less well-regulated institutions.
Schapiro emphasizes the need for comprehensive regulation to prevent business migration to less regulated entities.
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More from Mary L. Schapiro
It is a symptom of the times and a political culture that is quite frankly seriously 'nuts.'
I believe we can make tremendous use of tips and complaints from whistleblowers.
we must close gaps in regulation, improve transparency, strengthen enforcement and establish a workable, macroprudential regulatory framework.
I think the largest financial firms in this country are just too large, and that their massive size threatens our economic security and puts us at risk in future crises.