In addition, I strongly support increasing the transparency in financial markets by requiring standardized derivative transactions to be cleared through centralized counterparties, and to the extent feasible, traded on exchanges. Conclusion These reforms will encourage and serve to maintain a diverse and efficient banking system. This means a banking system that includes a healthy mix of community, regional, and large banking companies.
The banking system’s diversity allows the United States to have the world’s most innovative and entrepreneurial economy, in large part, because both small and large firms are able to obtain the funding they need. The reforms I propose will promote fairness in our banking system. Fundamental principles are not anti-business. On the contrary, my recommendations are more pro-business than the current regulatory framework.