SEC Chair defends response to "Flash Crash," discusses future structural market changes February 22, 2012
Complete video at: http://fora.tv/series/monitor_breakfast
After detailing the financial regulatory changes undertaken in the aftermath of the 2010 "flash crash," where equity markets collapsed with no provocation, SEC Chairman Mary Schapiro talked about potential future changes that would ensure such a crash doesn't happen again at a breakfast sponsored by The Christian Science Monitor in Washington, D.C.
On Wednesday, February 22, Mary Schapiro, Chairman of the SEC, joined the Monitor Breakfast for a conversation with reporters.
Mary L. Schapiro is the 29th chairman of the U.S. Securities and Exchange Commission (SEC). She is the immediate past chairman and CEO of the Financial Industry Regulatory Authority (FINRA), the securities industry self-regulatory organization for broker-dealers and exchanges in the United States, and served in various roles as a financial services regulator in the administrations of Bill Clinton, George H. W. Bush, and Ronald Reagan. She is the first woman to chair the SEC. In 2009, Forbes ranked her the 56th most powerful woman in the world.
Full Transcript coming soon