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Good evening. I thank the Atlantic Council for inviting me to speak today. The topic of this speaker series, “Mapping the Economic and Financial Future,” is of utmost importance. We suffered through the worst crisis in 80 years – a crisis where both the financial system and the financial regulatory system failed the American public.
A healthy financial future requires that we bring comprehensive reform to the over-the-counter derivatives markets. It is critically important that we bring transparency to this market and address the significant information advantage enjoyed by Wall Street. This will improve pricing and lower costs for businesses and their consumers.
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