S&C Senior Chair Rodge Cohen appeared on Bloomberg TV’s “Balance of Power” to discuss the need for more disclosure to government authorities in the Treasury market and for private credit, as well as regulation of cryptocurrencies.
Noting the importance of liquidity and stability in the Treasury market, Rodge said that, instead of additional regulation, he would like to see more disclosure of where Treasuries and their derivatives are held to the Treasury Department, the SEC and the Federal Reserve. He also recommended robust central clearing for Treasury trades. In the private credit market, he cited the need for more disclosure to the government.
Addressing cryptocurrencies, Rodge urged Congress to act expeditiously to establish a regulatory structure for this market. “Crypto does not readily fit into any of the existing regulatory schemes and a more comprehensive approach would make more sense,” he said. “But the regulators can’t just keep waiting for Congress, and, if Congress fails to act promptly, the regulators must step in.”
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