Restoring Trust

Former SEC Commissioner Arthur Levitt recently testified before the Senate Banking Committee and offered his perspective on how to strengthen the regulatory oversight system in dire need of repair.  

"As we move forward in the process, we must make sure that there is an agency that is independent of the White House, dedicated to mandating transparency with robust law enforcement powers, with the wherewithal and knowledge to oversee and if necessary guide risk management, and built around one mission: protecting the interests of investors.  If we do, investors will know that they have someone in their corner, that the markets will be free and fair, and that they will invest with confidence."

As Mr. Levitt suggests, the key to stabilizing the financial markets is by restoring trust and one of the critical elements to restoring trust is effective regulatory oversight and risk management.