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SEC Gov Remarks at SEC Speaks Increasing Product Complexity Form

SEC Gov Remarks at SEC Speaks Increasing Product Complexity Form

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Good morning. I am pleased to be here today with my fellow Commissioners from both the SEC and CFTC. And, I want to thank Chairman Gensler and the CFTC for hosting this first day of joint meetings. We look forward to continuing the dialog tomorrow at the SEC. I would also like to extend our appreciation to our distinguished panelists who are with us to share their insights, advice, and recommendations. We are truly grateful that so many have agreed to participate in these meetings and share their views with us. Today's hearing will build upon the progress that both agencies have made in discussing harmonization matters, as well as designing a framework to regulate OTC derivatives. I believe it will move us further down the road of harmonizing our regulations, which should in turn, help to increase transparency, reduce regulatory arbitrage and rebuild confidence in our markets. As you know, the Obama Administration's financial regulatory plan laid out proposals that seek

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