Evidence receipt / belief
Published · transcript-backedMatt Levine: belief
14 Feb 2018 Conversations with Tyler Matt Levine Live at Bloomberg HQ
“I suspect that most of the time, the agencies are roughly on board with each other in a broadly “how much regulation should there be” perspective.”
Source trail
Everything needed to verify it.
- Speaker
- Matt Levine
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 14 Feb 2018
- Publisher
- Conversations with Tyler
- Episode
- Matt Levine Live at Bloomberg HQ
Transcript context
…The Shad-Johnson agreement. Should the SEC and CFTC be independent agencies, or should they be combined into one? I don’t have a strong view on that. I don’t see a compelling difference among them. If you combine them, there’d be departments for commodities and departments for equities. If you split off the SEC into equities and the bond department tomorrow, I’m not sure what the institutional dynamics are that matter very much. I suspect that most of the time, the agencies are roughly on board with each other in a broadly “how much regulation should there be” perspective. Obviously, there are times that they aren’t. The CFTC fighting against derivatives in the early 2000s is a famous example of that. In general, I’m not sure what the dynamics are where it matters that much one way or the other. Is American financial regulation too federalistic and too fragmented or not?…
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