I acknowledge that there is more than one view on this topic. There are those who believe we have made great strides with Dodd-Frank and if we implement it well, all will be fine. Some believe that that the industry is over-regulated, which may be true, but we should not confuse over-regulated with well-regulated.
*  *  *  Ladies and gentlemen, it is a pleasure for me to come to this prestigious university and to address the members of the European Affairs Society tonight. As I was told, your Society is an independent forum for the discussion of European issues within this university.