Mary Jo White
Last quote by Mary Jo White
Mary Jo White quotes
This marks the first time a regulatory trade reporting regime has been established for a significant segment of the U.S. Treasury market, which will enable regulators to better understand market dynamics and exercise their oversight function.
They are "better tailored to the liquidity risks faced by different kinds of funds, with an improved classification scheme for the liquidity of fund investments and a more targeted approach to ETFs.
We pay a lot of attention across, really, market participants. Obviously Wells Fargo or any other bank as a bank, you have banking regulators as the primary regulators there.
By every measure the enforcement program continues to be a resounding success holding executives, companies and market participants accountable for their illegal actions.
Over the last three years, we have changed the way we do business on the enforcement front by using new data analytics to uncover fraud, enhancing our ability to litigate tough cases, and expanding the playbook bringing novel and significant actions to better protect investors and our market.
The use of clearing agencies is critical to the safety and efficiency of securities trading, enabling billions of dollars of securities to change hands smoothly every day. At the same time, their centralized role in concentrating and managing financial exposures, which has grown significantly since the financial crisis, can raise systemic risk concerns.
In terms of going forward, I expect to see in the next few weeks further adoptions. Some of the others - a little longer than that. But we?re very, very concentrated on getting those done.
These amendments are an important step in a series of rulemakings to enhance the SEC's monitoring and regulation of the asset management industry.
Providing financial advisory services electronically is different than the traditional adviser model, but in many respects our assessment of robo advisors is no different than for a human-based investment advisor.