Former U.S. Securities and Exchange Commission Chairman Arthur Levitt talks about the importance of credit derivatives to the financial markets and the need for regulation and transparency, and the outlook for executive compensation at financial firms. Levitt is a senior adviser to the Carlyle Group and a board member of Bloomberg LP, the parent company of Bloomberg News.
00:00 Credit derivatives’ importance, transparency
01:26 Growth of derivatives market, new regulation
02:11 “Some moderation” in executive compensation
Running time 03:48
Levitt Says Derivatives Necessary, Should Be Regulated: Video
Bloomberg, Last Updated: October 29, 2008 09:23 EDT