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Her background is as a federal prosecutor and a private attorney, not in facilitating capital formation.
In recent years, Latvia has reinvented itself as a financial services hub, facilitating capital flight from Russia and other former Soviet republics.
Of course, the fastest-growing area of global banking is in facilitating capital flows between emerging markets, particularly Asia and Latin America.
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".
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.
That's why the Securities and Exchange Commission SECC) was created after the massive frauds and crimes that lead to the Great Crash of 1929 and the Great Depression of the 1930s: to protect investors and markets while facilitating capital formation by policing the markets with disclosure and enforcement.
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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".
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.
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.
The Sustainability Accounting Standards Board (SASB) was created to fill this void in the market and facilitate capital formation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com