On the recordJune 21, 2011
I think transparency for derivatives is extremely important.
Source
congress.govI think transparency for derivatives is extremely important.
Emphasizing the need for transparency in the derivatives market.
Share
More from Pat McHenry
That lack of transparency and accountability raises concerns about the extent to which other countries are influencing financial regulation here in the United States.
FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.
This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.
Just because I put the obligation on a colleague, to put an obligation on you, doesn't mean that you are not obligated.