The ongoing financial crisis has made it apparent to nearly everyone that we must move the over-the-counter derivatives market from one that takes place under the table to one that happens out in the open.
Kanjorski calls for transparency in the derivatives market due to the financial crisis.
Share
More from Paul E. Kanjorski
I have never seen anything in the world more devious or backdoor to come in to Federal regulation than doing it this way, and with the least amount of real direct effect.
The pain that the majority of my constituents and probably so many constituents around the country--they are not going to trust any of us.
Their testimony was quite clear that it was their opinion that the failure of any one of them, and particularly Chrysler, would cause systemic risk if they were allowed to fail.
If this body is to create new regulations in the OTC markets to decrease the possibility of systemic risk and increase transparency, Congress must ensure robust competition and protect the ability of American businesses to use these…
Other voices in this conversation
