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“Exorbitant Privilege: Responsibilities and Challenges”: Prepared Remarks before the Council on Foreign Relations

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: financial stability, public finances and debt

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki“Exorbitant Privilege: Responsibilities and Challenges”: Prepared Remarks before the Council on Foreign Relations

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler links the dollar's global role to the duty of keeping Treasury markets resilient.

Problems raised
  1. Dollar dominance brings real responsibilities.
  2. Treasury markets must remain a safe asset.
  3. Capital markets carry most corporate debt financing.
Solutions proposed
  1. Pursue reforms of the Treasury market.
  2. Keep US capital markets resilient.
  3. Treat dollar leadership as a responsibility.
Read full speech on sec.gov ↗

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