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“The ‘90s: Rom-coms, the Spice Girls, & MFA:” Remarks Before the Managed Funds Association

· 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

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki“The ‘90s: Rom-coms, the Spice Girls, & MFA:” Remarks Before the Managed Funds Association

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

Why it mattersGensler cites Archegos to justify disclosure of large swap positions.

Problems raised
  1. Large hidden swap positions caused losses at Archegos.
  2. Excessive leverage can threaten the system.
  3. Problems at one firm can spread.
Solutions proposed
  1. Require prompt disclosure of large swap positions.
  2. Strengthen protection in security-based swaps.
  3. Improve resilience across the system.
Read full speech on sec.gov ↗

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