On the recordMay 19, 2014
The identification of nonbank systemically important firms is a serious exercise that has major implications for the competitiveness of U.S. firms and the stability of our financial markets.
Source
congress.govThe identification of nonbank systemically important firms is a serious exercise that has major implications for the competitiveness of U.S. firms and the stability of our financial markets.
Neugebauer highlights the significance of identifying nonbank firms in maintaining market stability.
Share
More from Randy Neugebauer
Congress intended that position limits target those who engage in 'excessive speculation,' while leaving hedgers to their task of reducing risk in their businesses.
I would like to compliment Dr. Metting for your courage, for your willingness to say the truth as you see it.
I strongly believe FSOC's structure and its process for designating systemically important firms is fatally flawed.
I am concerned that the rule fails to distinguish between speculators on the one hand and certain broadly diversified, passive index funds on the other.