The Importance of Risk Management in the US Economy

In the United States, unlike in Canada, there are pools of capital that are made available to those on the higher end of the risk spectrum. That's a great feature of the US market and it helps fund the very dynamic and research-oriented part of the US economy. When you actually go to the flip side, when you are taking on greater risk, there is a greater need for the risk management of that. We got tighter legislation, Dodd-Frank legislation, that some decried as being anti-competitive and anti-jobs but that is needed when you have a higher risk spectrum.