Gensler: A Feature, Not a Bug: The Important Role of Capital Markets in the U.S.

From sec.gov

Thank you, Mary, for the kind introduction. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff. I want to talk to you about the importance of capital markets and nonbank finance. The global regulatory community often debates this sector’s resiliency. Let me be clear: promoting financial resiliency is at the core of the SEC’s mission. In normal times, it helps promote trust in capital markets. In times of stress, it protects investors, issuers, and markets alike.[1] Today, though, ... (full story)