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Geithner, Timothy F. - Secretary
IT WAS PROVIDED TO -- IT WAS SIGNED INTO LAW BY PRESIDENT OBAMA EARLIER THIS YEAR. THIS IS 25 MINUTES. >> THIS AGREEMENT WILL HELP PROMOTE STABILITY...
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| 00:00:44 |
Unidentified Speaker, -
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| 00:05:09 |
Unidentified Speaker, -
REVIEWS AND THE MORTGAGING SYSTEM. THIS WOULD BE A NORMAL PART OF A PROCESS TO KEEP THE COUNCIL ABREAST OF MATERIAL DEVELOPMENTS IN THE FINANCIAL SECTOR....
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| 00:05:12 |
Barr, Michael S. - Assistant Secretary
THANK YOU, MICHAEL. ANY QUESTIONS OR COMMENTS FOR MICHAEL? THANK YOU. WE WILL TURN
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| 00:10:30 |
Unidentified Speaker, -
NOW TO THE DISCUSSION OF THE ADVANCE NOTICE OF PROPOSED RULEMAKING, SEEKING PUBLIC INPUT ON CRITERIA USED TO DESIGNATE MARKET UTILITIES. WHY IS THIS...
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| 00:10:35 |
Geithner, Timothy F. - Secretary
IN THE CANCELED RULEMAKING PROCESS FOR DESIGNATING SYSTEMICALLY IMPORTANT FINANCIAL MARKET
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| 00:11:53 |
Unidentified Speaker, -
UTILITIES. SUCH FIRMS MAY CONCENTRATE RISK AS WELL. TITLE 8 OF THE DODD-FRANK ACT PROVIDED THE COUNCIL WITH AUTHORITY UNDER SUCH FIRMS. THE COUNCIL SHALL...
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| 00:11:57 |
Auer, Lance - Policy Adviser
COMMENTS? CHAIRMAN BERNANKE. >> YOUR LAST QUESTION
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| 00:14:02 |
Unidentified Speaker, -
TALKED
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| 00:14:04 |
Bernanke, Ben S. - Chair
ABOUT -- THERE WAS A LOT OF CLEARING AND SETTLEMENT IN THE LAST QUARTER. SORRY. YOUR LAST QUESTION IN THE NPR TALKS ABOUT INTERNATIONAL CONSIDERATIONS....
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| 00:14:10 |
Unidentified Speaker, -
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| 00:14:44 |
Unidentified Speaker, -
THE POST-TRADE PROCESS THESE ARE ALSO SPENDING BORDERS AND BECOMING MORE INTEGRATED. IN DETERMINING THE SYSTEMIC IMPORTANCE TO THE U.S. FINANCIAL SYSTEM...
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| 00:15:36 |
Unidentified Speaker, -
SHAPIRO? >> LET ME EXPRESS MY SUPPORT FOR THE A ADVANCE
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| 00:15:43 |
Schapiro, Mary L. - Chair
NOTICE. MY STAFF WORKED VERY DILIGENTLY ACROSS MANY AGENCIES TO GET IT DONE. I THINK IT IS VERY IMPORTANT, AS WE GO FORWARD, TO ADDRESS AN INCREASINGLY...
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| 00:15:47 |
Unidentified Speaker, -
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| 00:16:43 |
Unidentified Speaker, -
SUCH. THE ACT DOES EXCLUDE CERTAIN ENTITIES FROM THE DEFINITION OF FINANCIAL MARKET UTILITIES, INCLUDING EXCHANGES, DEPOSITORIES, ALTERNATIVE TRADING...
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| 00:16:44 |
Cook, Robert - Director
CONSUMER --
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| 00:17:39 |
Unidentified Speaker, -
CHAIRMAN DEFENSE LAWYERGENZLER. >>
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| 00:17:46 |
Gensler, Gary G. - Chair
THEY HAVE A NEW ROLE. IN A NEW ACT, SWAPS WILL BE CLEAR. THIS IS SO IMPORTANT. WE CURRENTLY REGULATE 14 CLEARING HOUSES. SOME OF THEM, WE CO-REGULATE...
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| 00:18:06 |
Unidentified Speaker, -
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| 00:19:03 |
Unidentified Speaker, -
APPLICABLE TO OTHER FMU'S. THE REGULATORY REVIEW PROCEDURES MAY VARY FROM THOSE THAT WOULD BE APPLICABLE TO OTHERS. THIRD, BEING SUBJECT TO APPLICABLE...
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| 00:19:14 |
Lawton, John - Director
CASE OF DERIVATIVE ORGANIZING, A RULE HAS BEEN PROPOSED THAT REQUIRED THAT, IF YOU WERE DESIGNATED AS SYSTEM IMPORTANT, YOU HAVE SUFFICIENT FINANCIAL...
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| 00:19:54 |
Unidentified Speaker, -
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| 00:20:04 |
Unidentified Speaker, -
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| 00:20:30 |
Unidentified Speaker, -
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| 00:20:49 |
Unidentified Speaker, -
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| 00:20:54 |
Unidentified Speaker, -
FMU'S WOULD NECESSARILY BE THOSE THAT PROCESS KEY FINANCIAL MARKETS OR WHETHER THEY MIGHT BE SMALL VALUE FMU'S THAT MIGHT BE SYSTEMICALLY IMPORTANT....
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| 00:21:02 |
Matz, Deborah - Chairman
NECESSARILY LIMITED TO JUST LARGE-VALUE ORGANIZATIONS. IT COULD APPLY TO SMALL-VALUE PAYMENT, SELLING ORGANIZATIONS AS WELL. >> ANY OTHER COMMENTS AND...
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| 00:21:30 |
Unidentified Speaker, -
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| 00:21:48 |
Unidentified Speaker, -
OF COMMITTEES. BEFORE WE GO TO THE COMMITTEE STRUCTURE, I NEED TO ASK YOU TO ADOPT THE RESOLUTION ADOPTING PUBLICATION OF THESE. I NEED A MOTION TO ADOPT...
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| 00:22:03 |
Geithner, Timothy F. - Secretary
THEIRELAND
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.