Remarks by Chair Atkins at the 12th Annual Conference on Financial Market Regulation
Thank you, Pedro, for your kind introduction and thank you, ladies and gentlemen, for joining us today as we dive into an essential aspect of our regulatory framework – economic analysis. In order to keep the compliance folks here at the SEC happy, I must first note that the views I express here today are […]
Paul S. Atkins is the Chairman of the U.S. Securities and Exchange Commission. This post is based on his recent statement. The views expressed in the post are those of Chairman Atkins and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.
Thank you, Pedro, for your kind introduction and thank you, ladies and gentlemen, for joining us today as we dive into an essential aspect of our regulatory framework – economic analysis.
In order to keep the compliance folks here at the SEC happy, I must first note that the views I express here today are my own and do not necessarily reflect those of the full Commission or of my fellow Commissioners.
Considering the ongoing changes in financial landscapes, the need for thorough economic analysis of the Commission’s actions becomes increasingly important. High-quality economic analysis is an essential part of any SEC rulemaking. It is critical that a rule’s potential benefits and costs be considered in ensuring that it is in the public’s interest. It also helps that it happens to be the law.
From Pedro’s introduction, you can see that this is my third tour of duty at the SEC – having previously served from 1990-1994 on the staff of former Chairmen Richard Breeden and Arthur Levitt, as a Commissioner from 2002-2008, and now as Chairman.
This is a unique moment to come back here to lead the agency, as opportunities abound to facilitate capital formation when the investment environment and the capital markets are undergoing significant change.
