As an outgrowth of the financial market crisis and the accompanying lack of transparency of derivatives exposures, there is increasing interest in the regulation of derivatives.

End the government-sponsored cartel in credit ratings.

Welfare reform has done fairly well for a historic change in policy, but not good enough for us to be even close to satisfied.

At this conference, we will assess whether high frequency trading (HFT) has been good or bad for the securities markets and investors.

The Committee strongly supports the SEC Chairman Schapiro's commitment to base the agency's regulatory reaction on its professional judgment underpinned with careful empirical studies and not on accommodating political pressure.

The SEC should revoke its requirement that Nationally Recognized Statistical Rating Organizations must make the records of their rating actions public.

The conceptual deficiencies of the fair value accounting theory make it a poor choice for most companies as an accounting standard.

During two closed sessions before the luncheon, committee members discussed the latest in financial regulation issues. At a luncheon briefing following these sessions, SFRC members gave several statements and answered questions.