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“Pro Bono Publico” Prepared Remarks before the Peterson Institute for International Economics

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

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki“Pro Bono Publico” Prepared Remarks before the Peterson Institute for International Economics

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

Why it mattersThe SEC chair urges big banks to plan the disclosures a restructuring would require.

Problems raised
  1. A troubled bank's restructuring must win market confidence.
  2. Investors and depositors may flee quickly.
  3. Disclosure planning for resolution is often missing.
Solutions proposed
  1. Explain clearly how problems are being fixed.
  2. Plan prompt disclosures in resolution plans.
  3. Prepare for market demands from the first trading day.
Read full speech on sec.gov ↗

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