John C. Coffee: “The Volcker Rule was a reasonable way of doing that, by getting banks out of the business of proprietary trading.”

Don't throw that last resort out. It saved us in 2008, and not that much has changed in the regulation of the money market funds.

I want to be clear that I think there could be a robust bankruptcy provision that would be helpful and that would be a supplement, but it can't be a substitute.

We believe that leapfrogging rulemakings whose deadlines are months away ahead of rulemakings whose deadlines are months passed... violates both the spirit and the letter of the law.

Third, we should review regulatory policies and accounting rules to ensure that they do not induce excessive procyclicality.