Jeroen Dijsselbloem Quotes

People think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily.

You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.

No bank should be too big or too complex to fail, but almost any bank is too big to liquidate quickly, particularly in the midst of a crisis.

Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down a bank in the event of a collapse) and resolutions.

The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. That leaves us with both potential taxpayer liability and systemic risk.

Yes, fashion adds more risk, but you don't have to have as much of it to keep the business rolling.

We must learn the lessons of the 2008 crash: no company should be able to become too big to fail.

For Maersk Line, it is never great to compete with somebody who, by definition, can't go bankrupt.

Ultimately the clothing company is a large investment on my part, and I'm taking a huge gamble. But having a focus away from the track is good for you.

Financial regulators should be particularly attentive to the financial consequences of their actions.

Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.

I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.

The basic theory of bank regulation is that, left to their own devices, bankers would make banks too risky, so regulators and supervisors are there to make banks more boring. A bank is, roughly, a big pot of assets bought with depositors’ money; the bank owns essentially an option on those assets. If the assets go up, the bank gets a highly leveraged return; if the assets go down, the losses are largely the depositors’ (or the taxpayers’) problem. “Heads I win, tails you lose” … So banks have incentives to buy high-risk, high-return assets with as much leverage as possible, and risk-based capital regulation and prudential bank supervision counteract those incentives. The bankers — who own stock in their banks and get paid bonuses for making money — push for more risk and more volatility, and the bank supervisors push back.

One should never risk one's whole fortune unless supported by one's entire forces.

The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.

You don't run a business hoping you don't have a recession.

I think margins will be destroyed for a bunch of people. If that's true, then it will be good to have alternatives to hedge against that eventuality.

Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.

One of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous.

The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push credit too far, do a dumb acquisition, leverage yourself excessively - it's not just derivatives [that can bring about your downfall].

There's never any great risk as long as you have money.

Never depend on a single source of income.

A lot of our respected financial institutions are just casinos in drag.