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I believe that we have to have a new regulatory regime for our financial system.

It's in our best interest to put some of the old rules aside and create new ones and follow the consumer - what the consumer wants and where the consumer wants to go.

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.

As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.

Today, credit rating agencies rate companies, countries and bonds.

It is vital for officials and regulators to have input from people within our businesses who understand the intricacies of how financial markets operate and the consequences of certain policy decisions.

Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.

Corporate governance should be done more through principles than rules.

Restrict bankruptcy rules.

People should be encouraged by things like awards given for corporate governance practices.