SIFMA today released the following statement from former Senator Judd Gregg, SIFMA CEO, and Kenneth E. Bentsen, Jr., SIFMA president, in response to today’s meeting with President Obama and all federal financial regulators.
“Today’s meeting between President Obama and all of the federal financial regulators is an important reminder that the work on Dodd-Frank continues. The industry remains broadly supportive of reform that ensures the safety and soundness of the financial system, and we look forward to continuing to be a productive participant in the rulemaking process. As regulators move ahead with the rulemaking process, they must focus on getting the remaining rules done right because poorly written rules could harm our strong capital markets that support a strong economy and help Main Street Americans succeed.”