Financial Supervision Quotes

Britain needs a tough, strong financial conduct regulator.

The biggest issue I have with the CFPB is that I don't believe that they should be funded out of profits from the Federal Reserve.

The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets.

If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.

There are a number of institutions globally where the Federal Reserve typically leads the U.S. effort to work with financial regulators from other countries, and we try to, to the extent possible, establish international standards for how - the amount of capital a bank should hold, for example, or how much.

We have put in place policies through supervision and regulation that has greatly enhanced the safety and soundness of the banking system.

I actually thought that the marketplace was pretty imbalanced when the consumer bureau was first created and financial institutions did not have someone looking carefully over their shoulder to look after the interest of consumers.

I don't like the fact that C.F.P.B. exists, I will be perfectly honest with you.

Frankly, I do like the idea that we centralize consumer protection for financial products into one agency.

Before the CFPB, there was no single agency or entity within the federal government tasked with protecting Americans from predatory or negligent practices of banks, credit card companies, mortgage lenders, payday lenders, credit rating agencies and other financial service businesses.

Money is like a child—rarely unaccompanied. When it disappears, look to those who were supposed to be keeping an eye on it while you were at the grocery store. You might also look for someone who has a lot of extra children sitting around, with long, suspicious explanations for how they got there.

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.

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

My mom is in charge of my earnings.

Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.

We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.

I want Britain to be a global financial centre but I want it to be properly regulated.

Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.

It's the FSA and its plethora of EU bodies that's failed.

Getting in the middle of financial transactions is a regulatory minefield.

The Dwolla incident was to be expected. The government will go after sites that it thinks are supposed to register as money transmitters. Some Bitcoin companies will register as such, and some won't, but business will carry on regardless.

If Saudi Aramco is listed, then it must announce its statements, and it will do that every quarter. It will be under the supervision of all Saudi banks, all analysts, all Saudi thinkers. Even more, all international banks and research and planning centres in the world will monitor it intensively.

Washington should revive international efforts begun during the Clinton administration to pressure countries with dangerously loose banking regulations to adopt and enforce stricter rules.

… attempting to supervise the financial sector is a fool’s errand