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Tim Ryan
Tim Ryan
Chief executive, Securities Industry and Financial Markets Association

"Treasury has delivered a thoughtful and sweeping plan which should provoke intense discussion, debate and potential legislative changes."

"Our present regulatory framework was born of Depression-era events and is not well-suited for today's environment where billions of dollars race across the globe with the click of a mouse. That fact, teamed with the current market conditions, result in an universal agreement that it is time to modernize and revitalize the current system."

"Treasury's three-step approach is very wise because it allows time for serious analysis, discussion and important choices. SIFMA, which represents global financial markets participants, intends to be an important player in this multi-year process."



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Last updated March 31 2008: 6:07 PM ET
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