Agencies Quote by Mary Schapiro
“The SEC got more than 100 rules to write under Dodd-Frank, the lion's share of all the agencies. And we've moved, I think, with a tremendous sense of urgency. But it takes a long time to write rules and get them approved by a five-member commission.”
About This Quote
The speaker highlights the extensive regulatory workload under Dodd‑Frank and the slow, deliberative process of rulemaking by the SEC's commission.
In simple terms: Regulatory complexity slows action.
Key Takeaway
Rulemaking is time‑consuming.
Themes
Regulation
Governance
Process
Complexity
Urgency
Mood
Cautious
Reflective
Type
Observation
Insight
When to use this quote
- Legislative drafting
- Policy implementation
- Agency coordination
Key Concepts
SEC
Dodd‑Frank
Commission
Practical Applications
- Compliance planning
- Legal analysis
Questions to Reflect On
- How can agencies balance thoroughness with speed?
- What mechanisms could streamline rule approval?
