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… as Mitigators of Systemic Risk” Remarks Before the Capital Markets Consortium Commissioner Jill E. Sommers … conjunction with a line of business; and (5) a prohibition against marketing to the public. On October 28, 1992, the … the financial crisis. Unfortunately, these products never gained traction. I believe that had credit default swaps …
… Trading Commission Before the Investment Company Institute Capital Markets Conference, New York, NY September 24, 2009 … of swap dealers and major swap participants, including capital, margin, reporting, recordkeeping, and business … costs through customized swaps, and speculators seeking to gain price exposure. As prices escalated in 2007 and 2008, …
… of Commissioner Rostin Behnam Regarding Tower Research Capital LLC November 7, 2019 I respectfully concur as to … or organization who manipulates CFTC markets for personal gain will be held accountable to the fullest extent of the … time for the SEC to consider whether the CFTC’s action against Tower today should result in automatic …
… Remarks on the Dodd-Frank Act at the 6th Annual Capital Markets Summit Hosted by the U.S. Chamber of … futures and securities markets and protected the public against fraud, manipulation and other abuses. These … all will benefit from seeing available bids and offers and gaining liquidity on transparent and competitive trading …
… rules that I care a great deal about: position limits, capital, and governance. In addition to these three … Requiring a firm to hold a few million dollars in capital against a multi-billion dollar trading book isn’t a … the prioritization within corporate culture of short term gains at the expense of long term prosperity, which has been …
… processors and other end-users of commodities can once again hedge their price risks without fear of their funds … on open futures and option positions, plus any unrealized gains, or minus any unrealized losses, on the open … FCMs typically maintain significant amounts of their own capital as “excess segregated funds.” By doing this, one …
… we should be thinking about. Certainly, as the industry gains more experience with clearing swaps, there may be … business with our clearinghouses without incurring higher capital charges. I have always believed there is an ample … book. If a clearing member defaults, there are those with gains that offset losses on other contracts. So we are …
… should include an audit trail so that regulators can guard against fraud, manipulation and other abuses. Regulators also … of a daily mark-to-market process, the settling of gains and losses and the imposition of independently … dealers and major swap participants should have sufficient capital. Capital requirements reduce the risk that losses …
… audience today. This event is an important forum for gaining a better understanding of the manner in which the … these competitive developments that are affecting the U.S. capital markets and are seeking out the reasons behind them. … and litigation can warp their functioning and work against the public interest. This is what we must guard …
… central banks came together to agree on common changes to capital requirements. And as many of you know, in 2009 the … whether, under what circumstances, and to what extent, gains-based haircutting is an appropriate tool to allocate … measures—almost an oxymoron, if you will—or gains-based haircutting, which is also a mouthful. I won’t …