clearing on the standardized products. and also bringing the standardized products on to regulated trading venues, whether they be full ex-changes or electronic platforms. and this will lower risk and further enhance transparency. to fully achieve these objectives, we must enact both of these complementary regimes. regulating both the traders and the trades will ensure that we cover both the actors and the stages upon which they create the significant risk. i m fortunate to have a partner in this effort in s.e.c. chair, mary shapiro. she brings in valuable expertise shrk gives me great confidence that we ll be able to work together on what is bound to be a lot of challenges moving forward. we have not only this, but we re going to be working together and advising congress and the rest of the administration on how we can best harmonize some of the roles between the securities and futures world and cover gaps in our regulatory oversight. president obama s call for action to low
forward to answering your questions. .. mechanisms for that. the first is to encourage and use the tools apple and margin standardization and central clearing to the greatest extent possible and encourage exchange trading of otc, current otc derivatives and that will give chairman gonzales said control over the stage and will allow us to have centralized feeling of what is happening in these markets and benefits of capital and margin requirements with respect to those institutions but it s also critically important we have regulation of the dealers who participated in the marketplace, meaning in my view of registration, capital requirements, margin requirements, record-keeping, reporting to regulators, reporting at least eckert a disinformation to the public and very tight risk management processes within the dealers including governments, risk control, trading limits and all the things we would normally think about owls being important for dealers to control the risks they a