Tuesday, December 10, 2013
On December 9, 2013, Commissioner Michael S. Piwowar spoke in London, England on The Benefit of Hindsight and the Promise of Foresight: A Proposal for A Comprehensive Review of Equity Market Structure. He summed up his remarks as follows:
[W]e should commence – in short order – a comprehensive, multi-year equity market structure review program, undertaken with the benefit of hindsight and the promise of foresight. In doing so, we can set our sights on ensuring that the U.S. securities markets remain a world leader in market quality, efficiency, and fairness, which in turn will fuel global capital formation and economic growth.