FIA President and CEO Walt Lukken asserted that a "great deal" of industry uncertainty is caused by the challenge of meeting post-crisis regulatory requirements. Citing metrics such as the dwindling number of clearing members during the past eight years, Mr. Lukken observed that "so much medicine has been prescribed since the financial crisis that the health of the patient is now suffering." He urged regulators to support "smart regulations" in order to incentivize healthy and stable markets. He recommended a reexamination of post-crisis regulations. According to Mr. Lukken: "It's time to ask ourselves whether post-crisis regulations are working as billed, and whether their effects on the markets are desirable."
Mr. Lukken delivered his remarks at the ninth annual FIA IDX Conference.
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