Her background is as a federal prosecutor and a private attorney, not in facilitating capital formation.
Of course, the fastest-growing area of global banking is in facilitating capital flows between emerging markets, particularly Asia and Latin America.
White told me, "The S.E.C.'s mission is tripartite: protect investors, facilitate capital formation, and insure the fairness and integrity of the marketplace".
In recent years, Latvia has reinvented itself as a financial services hub, facilitating capital flight from Russia and other former Soviet republics.
The article also doesn't mention that the agency's statutory mandate requires us to maintain fair, orderly and efficient markets and facilitate capital formation.
The apparent willingness of counterparties to lose money again and again, a former manager at Deutsche Bank told me, should have "sounded an air-raid alarm" that the true purpose of the mirror trades was to facilitate capital flight.
So we're not well-known in the way a JPMorgan or a Citi or a Bank of America or a Royal Bank of Scotland might be, but we play a very important role in facilitating capital markets".
But the story it tells is damning: a scheme existed with no economic logic other than to facilitate capital flight from Russia; the users of that scheme moved their money in a clandestine fashion; the key facilitator of that scheme, an American citizen, took bribes from clients to keep the gravy flowing.
Meanwhile, Senate Banking Committee Chairman Michael Crapo tweeted on Tuesday he and Clayton had a "great conversation" about the SEC's role in facilitating capital formation and ways to reduce "unnecessary burdens" for small, regulated companies.
The Sustainability Accounting Standards Board (SASB) was created to fill this void in the market and facilitate capital formation.
And troops built a network of roads leading from provincial towns to the capital, which facilitated capital accumulation and centralization in Port-au-Prince.
