CME CEO Says It's Important to Have Smart Regulation

The transcript discusses the delay in the healthcare vote until after the 4th of July recess and its potential impact on financial deregulation plans. It highlights the importance of smart regulation in the financial services system and the challenges of passing the Financial Choice Act through the Senate. The discussion also covers issues with Dodd Frank compliance and the need for modifications to support the growth of financial services in the U.S. and globally.

What is the main reason for the delay in the healthcare vote mentioned in the transcript?

• Disagreements within the Republican Party

• Lack of support from the Democratic Party

• Financial constraints

• Public protests

Why is it important to have smart regulation in the financial services system?

• To eliminate all regulations

• To increase market volatility

• To ensure credibility and stability

• To reduce government intervention

What is a significant challenge in passing the Financial Choice Act through the Senate?

• Opposition from financial institutions

• Need for 60 votes to get cloture

• Complexity of the Act

• Lack of public support

What is a major issue with Dodd Frank compliance according to the transcript?

• It lacks clarity

• It involves duplicate compliance

• It is too expensive

• It is too lenient

What potential change is expected in the Dodd Frank rules?

• Increased penalties for non-compliance

• Complete elimination of the rules

• Stricter enforcement

• Modifications by rule writers