Commissioner Peirce's thoughtful, disciplined approach to regulation, always respectful of the bounds of the law and of governmental (and human) capacity, are a model for how it should be done.   

On a personal note, I have long been a fan, and, notwithstanding what may make her happier, I hope that she will not take up farming, but will stay involved with the financial world and provide commentary and insight, which was always delivered with great humor, and with more…

In order for the central clearing mandate to be successful, it was essential that the clearing firms receive favorable capital treatment.  

Between settling the enforcement backlog, dealing with crypto, and now trying to clean out the post-Dodd-Frank CFTC Rules that have been proven not to work, Acting Chair Pham has been a whirlwind of activity. If she keeps up at this pace for a bit longer, there will not be much left for the incoming Chair to do. Her work has been absolutely impressive.

It is unfortunate that many regulators (though not in this Administration) are reluctant to address rules that have not proven to…

Regulation NMS was literally years in the making with concept releases and roundtables and academic studies. Even after all that, it was quite controversial with then Commissioner Atkins and Commissioner Glassman dissenting. Not only is it complicated, there are a lot of financial interests at stake, as well as different theories as to how markets should work.