11/28/2017
https://congress.gov...
"Would it be safe to say, in my last 20 seconds, that the future is not too bright for the nonbank financial institutions in terms of having any reduction in their capital requirements?"
"So, they are sitting on the sidelines. In other words, investment capital is waiting."
"But isn't that what the market does?"
"Unfortunately, the SEC missed that deadline. Unfortunately, this becomes endemic, not only with the SEC but with any agency under the jurisdiction of Dodd-Frank."