· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiTestimony Before the House Financial Services Committee
Read full speech on sec.gov ↗ContextOversight hearing before the House Financial Services Committee for the SEC, the US investor-protection agency, weeks after the failure of Silicon Valley Bank.
Why it mattersGensler defends his fund liquidity proposals before House members.
Problems raised
- Money market and open-end funds have structural weaknesses.
- Liquidity risk management is weak.
- Treasury clearing needs improvement.
Solutions proposed
- Propose money market fund reforms.
- Enhance open-end fund liquidity management.
- Expand central clearing.