Henry Paulson Quotes About Regulators
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My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.
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A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
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It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
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Henry Paulson
- Born: March 28, 1946
- Occupation: Former United States Secretary of the Treasury