FCWInsider

Blog archive

SEC nominee makes tech a priority

abstract image of money

The Securities and Exchange Commission, charged with enforcing the nation's financial regulations, could get a leader who sees technology as a high priority. (Stock image)

President Barack Obama’s pick to head the Securities and Exchange Commission says she will work to ensure technology stays at the forefront.

Mary Jo White, who testified before the Senate Committee on Banking, Housing and Urban Affairs the morning of March 12, said she had mapped out early focus areas if she were to be become the SEC chairwoman.

Together with staff and other commissioners, White said, she would first take on the rulemaking mandates in the Dodd Frank Act and Jumpstart Our Business Startups Act, the latter of which has now been in adoption for a full year.

“To complete these legislative mandates expeditiously must be an immediate imperative for the SEC,” she said.

White said a second priority would be to bolster SEC’s enforcement function, which “is essential to the integrity of our financial markets.”

Third, her focus would be to make sure SEC has the cutting-edge technology and expertise necessary to keep pace with the markets and its responsibilities to monitor, regulate and enforce the securities laws. “It’s a great investment to hire experts,” she said.

White, a former U.S. attorney for the Southern District of New York, most previously served as chair of the litigation department at Debevoise & Plimpton LLP. If confirmed by the Senate, she is expected to replace interim SEC Chairwoman Elisse Walter by mid-March.

Posted by Camille Tuutti on Mar 12, 2013 at 12:10 PM


Featured

  • People
    Dr. Ronny Jackson briefs the press on President Trump

    Uncertainty at VA after nominee withdraws

    With White House physician Adm. Ronny Jackson's withdrawal, VA watchers are wondering what's next for the agency and its planned $16 billion health IT modernization project.

  • Cybersecurity

    DHS floats 'collective defense' model for cybersecurity

    Homeland Security Secretary Kirstjen Nielsen wants her department to have a more direct role in defending the private sector and critical infrastructure entities from cyberthreats.

  • Defense
    Defense Secretary James Mattis testifies at an April 12 hearing of the House Armed Services Committee.

    Mattis: Cloud deal not tailored for Amazon

    On Capitol Hill, Defense Secretary Jim Mattis sought to quell "rumors" that the Pentagon's planned single-award cloud acquisition was designed with Amazon Web Services in mind.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.