Picking up where he left off last year, Treasury Under Secretary John D. Hawke Jr. recently made a pitch for legislation to revamp the nation's financial laws. Speaking Jan. 8 in San Francisco to the Association of American Law Schools, Mr. Hawke said the banking industry will regret its opposition to financial reform.

Here are excerpts of Mr. Hawke's comments.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.