John C. Coffee: “First, I believe the greatest enemy of job creation today is not overregulation, but the loss of investor confidence.”

The Volcker Rule was a reasonable way of doing that, by getting banks out of the business of proprietary trading.

Second, we must strengthen what I will call the financial infrastructure--the systems, rules, and conventions that govern trading, payment, clearing, and settlement in financial markets--to ensure that it will perform well under stress.

I want to commend Congressman Himes for having supervised the drafting of a careful, balanced, and sophisticated bill.

First, we must address the problem of financial institutions that are deemed too big--or perhaps too interconnected--to fail.