“Remarks at the 2025 Annual Washington Conference of the Institute of International Bankers”

In my previous address at this gathering, back in 2023 when I was serving as a non-chairman commissioner at the Securities and Exchange Commission, my primary emphasis was on outlining my personal philosophy on governance and regulation within the financial sector. My approach has always been centered on the importance of balance and collaboration between various stakeholders to ensure the smooth functioning of the markets.

One of the key points I highlighted in my speech was the significance of fostering an environment that encourages innovation and growth while maintaining high ethical standards and regulatory compliance. I firmly believe that innovation is essential for the advancement of the financial industry, but it must be accompanied by robust regulatory measures to protect investors and maintain market integrity.

I also touched upon the importance of transparency and accountability in regulatory practices. Clear communication and openness are vital for building trust among market participants and ensuring that regulations are implemented effectively. By promoting transparency and accountability, regulators can enhance market confidence and reduce the likelihood of misconduct and fraud.

Furthermore, I underscored the need for regulatory agility in response to evolving market dynamics and technological advancements. The financial landscape is constantly evolving, and regulators must be prepared to adapt quickly to new challenges and risks. Flexibility and responsiveness are key attributes that regulators should cultivate to effectively address emerging threats to market stability.

During my address, I emphasized the importance of collaboration between regulators, industry participants, and other stakeholders in shaping regulatory policies. By working together, we can leverage the collective expertise and insights of various parties to develop effective and balanced regulatory frameworks. Collaboration also fosters a sense of shared responsibility for maintaining market integrity and protecting investors.

In conclusion, my philosophy on governance and regulation in the financial sector centers on the principles of balance, innovation, transparency, and collaboration. By upholding these core values, regulators can effectively navigate the complexities of the financial markets and promote sustainable growth and stability. As we move forward, it is crucial for regulators to remain vigilant, adaptable, and collaborative in addressing the challenges and opportunities that lie ahead.