Quotes About Regulators

It is vital for officials and regulators to have input from people within our businesses who understand the intricacies of how financial markets operate and the consequences of certain policy decisions.

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

Wall Street banks have the right to express their views to lawmakers and regulators through lobbying, but the law is clear: If they want to influence lawmakers, they must disclose their lobbying expenditures.

was glaringly obvious that a new currency at Facebook scale would be a systemic risk — it would be big enough to break everything. Regulators and legislators had Libra's number immediately — they knew this kind of foolishness, and they knew that these Bitcoin venture capital bros were absolutely stupid and arrogant enough to do another 2008 financial crisis all by themselves.

Under the Clean Water Act, the federal government has jurisdiction over navigable waters - defined as the 'waters of the United States.' Federal regulators and the courts have broadened this definition over time, moving from waters a vessel can navigate to ponds and wetlands as well.

Regulators are a backstop: they don't own banks. The governance at the top of our leading banks has been shown to be lamentably weak. No one at the top of Barclays will take responsibility for systemic abuse.

There are regulators at the SEC and elsewhere who are really excited about the potential of the blockchain. They understand you can build a robust financial system - it would solve all your black swan problems. All kinds of mischief and games that are played in the current system become impossible in this system.

Econs do not suffer from self-control problems, and so temptation is not a word that exists in the economists' lexicon. As a result, most of the world's regulators have not thought much about the problem. But when the dessert cart comes by, we humans often cave. The next thing we know we are fat.

Meanwhile, bank regulators looked off somewhere in the middle distance, wearing the same expression as a dog owner who's pretending that his pooch isn't pooping on your lawn.

When (not if) regulators start looking at ICO deals they might want to investigate, they will likely start with the ones that exhibit weaknesses.

If I bring to light a company that's poisoning customers, defrauding investors, or something like that... there just aren't enough regulators in the world to keep up with all of the fraud and malfeasance that goes on out there, particularly in the little nooks and crannies of the market.

We have, here in California, among the most ambitious climate goals in the country. It's not just our political leaders or our regulators that really wants these things.

I've spent enough time in the business community to know there are certain regulators who are very constructive in their approach - those who enforce the laws and who actually want to help you comply - and there are others who have a prosecutorial attitude.

There are no absolutes in this world, and there will always be mistakes that are made within brokerage firms; there will always be people who set out to deceive the regulators and even deceive their own senior management.

A lot of the other companies in the space have really left a bad taste in regulators' mouths. It's actually been a huge advantage when we come in and we take the time to sit down and get to know them, explain the business, explain what we do.

The corporation is not a person; it is a legal fiction backed up by guns and police and jail cells and taxing authorities and the regulators called government.

Even if trolley problems were a realistic concern for AVs, it is not clear what, if anything, regulators or companies developing AVs should do about them. The trolley problem is an intensely debated thought experiment precisely because there isn't a consensus on what should be done.

For those broadcasters who are less than responsible, the FCC needs to have sharper teeth to enforce the law.

TV broadcasting is owned, in the sense that governments around the world have asserted power over the airwaves that permeate their territories, deciding who can use what bandwidth and why - and those with licenses then, with exceptions determined by regulators, decide what to broadcast.

Because of the new regulations the regulators have put, they're testing these horses at contaminated levels and it's been a horrible experience.

The 1907 panic would be the last time that bankers loomed so much larger than regulators in a crisis.

We don't have the necessary laws or powers to deal with failing non-bank institutions. If they're a big bank, the depositor has deposit insurance, and the regulators can wind them down without throwing them into bankruptcy.

Banks should decide on dividend increases and share buybacks after receiving the results of stress tests, when they know how much capital regulators wish them to hold.

In addition to revealing accounts for the Liberian dictator and one-time Merex arms dealer Charles Taylor, the Chilean military ruler Augusto Pinochet and assorted other despots, several Saudi accounts were discovered to contain financial improprieties, including a lack of the required background checks and a consistent failure to alert regulators to large transactions, in violation of federal banking laws.12 Many