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Testimony Before the House Financial Services Committee

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

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiTestimony Before the House Financial Services Committee

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
  1. Money market and open-end funds have structural weaknesses.
  2. Liquidity risk management is weak.
  3. Treasury clearing needs improvement.
Solutions proposed
  1. Propose money market fund reforms.
  2. Enhance open-end fund liquidity management.
  3. Expand central clearing.
Read full speech on sec.gov ↗

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