Quotes About Regulation

Nevertheless, despite his presence, here too regulation and supervision fell short.

Greenspan did not put a high priority on consumer protection.

Philosophically, I did not view myself as either strongly pro- or anti-regulation.

The government doesn't allow sales of flammable children's pajamas, for example, no matter how clear the warning label.

some products should just be kept out of the marketplace.

Despite a sincere effort, the SEC was not well suited to supervising the investment banks.

executive pay at any financial institution benefiting from the program should be restricted.

Many in Congress wanted to cap pay at financial institutions that benefited from taxpayer dollars.

which restricts the flow of credit, which makes the downturn deeper and more protracted.

was not subject to oversight by insurance regulators.

might result only in banking activity moving out of the United States to foreign financial centers.

Moreover, even if foreign jurisdictions adopted comparably tough rules, in the absence of international coordination those rules might be inconsistent with U.S. standards,

Unlike most other countries, the United States had required its banks to meet a minimum leverage ratio before the crisis, albeit at a relatively low level.

under Dodd's bill we would also have little role in ensuring systemic stability.

Losing the authority to supervise smaller banks could create a dangerous blind spot.

undertaken in conjunction with the Treasury and other bank regulators).

rules aren't useful unless they are enforced.

It operated by responding to complaints and did not conduct regular examinations.

that would simultaneously let investors who had misjudged risk off the hook. Richard

It would also have the authority to examine individual institutions, in cooperation with the prudential regulator,

Obama also urged streamlining overlapping regulatory agencies (without getting into specifics),

These longer-term rates are not under the Fed's direct control. Instead, they are set by participants in financial markets.

The goal of macroprudential regulation is to identify and defuse more broad-based risks that may not be evident when looking at individual institutions in isolation.

The pace was much faster than at the Fed.