Jun. 22, 2023
Dear OCC, I'm writing as an individual investor deeply concerned about the fairness and transparency of our markets. While I understand the necessity of updating the Recovery and Wind-Down (RWD) Plan, the redaction of its Supporting Information and the Plan itself is concerning. Household investors are forced to entrust OCC with this enormous responsibility with the belief in its supposed capacity to ensure stability in financial markets, yet transparency is paramount to maintaining that trust! While the hypothetical scenarios mentioned in your proposal give an idea about the possible crises, we need to be privy to the full scope of the RWD Plan Supporting Information (Exhibit 3) and Recovery and Orderly Wind-Down Plan (Exhibit 5). To adequately prepare for and react to any potential stress scenario, Clearing Members, investors, and all stakeholders involved must understand the full details of these scenarios and how OCC plans to respond. I appreciate the OCC’s efforts to keep the RWD Plan up to date with current operations and conditions in the financial markets. However, more transparency is needed, especially in these uncertain times. I understand certain information may be sensitive, but a higher level of disclosure could go a long way towards reassuring the public, building trust, and promoting a fairer, more transparent market. Thank you for considering my views. I hope you understand the public's need for clarity and reassurance. With warmest regards, Doogie -- It's not the games we play that show our humanity, it's the way we play them.