Regulators Quotes:

Regulators are power-lusting mediocrities.

- Yaron Brook

topic: Lust, Mediocrity, Regulators

The guiding purpose of the government regulator is to prevent rather than to create something.

- Alan Greenspan

source: Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.111, Penguin

topic: Government, Purpose, Regulators

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.

- James Surowiecki

topic: Simple, Ideas, Want, Regulators

Regulators are in the best position to regulate when they are intimately knowledgeable about the activities they are regulating.

- John Thain

topic: Knowledgeable, Position, Regulators

Regulation has gone astray. . . . Either because they have become captives of regulated industries or captains of outmoded administrative agencies, regulators all too often encourage or approve unreasonably high prices, inadequate service, and anticompetitive behavior. The cost of this regulation is always passed on to the consumer. And that cost is astronomical.

- Edward Kennedy

topic: Agency, Cost, Gone, Regulators, Administrative

In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.

- Hyman Minsky

topic: World, Ratios, Portfolios, Regulators, Financial Institutions

Freedom is the quality of being free from the control of regulators and tax collectors. If I want to be free their control, I must not impose controls on others.

- Hans F. Sennholz

topic: Being Free, Quality, Want, Regulators

Enforced by genetics, sexual reproduction, perspective, and experience, the most manifest characteristic of human beings is their diversity. The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions- all attempting to quell human diversity and impose order. Thus power always seeks centralization.

- George Gilder

topic: Government, Order, Diversity, Reproduction, Regulators

Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

- George Soros

topic: Knowing, Needs, Regulation, Regulators

History is on the side of the regulators.

- Ha-Joon Chang

topic: Sides, Regulators

The Fundamental Regulator Paradox ... The task of a regulator is to eliminate variation, but this variation is the ultimate source of information about the quality of its work. Therefore, the better the job a regulator does the less information it gets about how to improve.

- Gerald Weinberg

topic: Jobs, Hard Work, Quality, Regulators

You can't overestimate what happens when you encourage regulators to believe that the goal of regulation is not to regulate.

- Joseph Stiglitz

topic: Believe, Goal, Regulation, Regulators

They've lied about everything.-about the fence, and the existence of Invalids, about a million other things besides. They told us the raids were carried out for our own protection. They told us the regulators were only interested in keeping the peace. They told us love was a disease. They told us it would kill us in the end. For the very first time I realize, that this, too, maight also be a lie.

- Lauren Oliver

topic: Lying, Disease, Firsts, Regulators

It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.

- Henry Paulson

source: "CBS News' Face the Nation", www.cbsnews.com. July 20, 2008.

topic: Sound, Banking, Safe, Manageable, Regulators

I think that when we talk about the regulators and the politicians, the economic consequences of bad decisions back in '08, you know, were devastating, and they had repercussions throughout the world.

- Hillary Clinton

source: Source: www.buzzfeed.com

topic: Thinking, Decision, World, Regulators

The constant need for special waivers is symptomatic of poorly written public policy. It's a signal that the cost of compliance is unreasonably high; the benefits are hard to measure; and either legislators or regulators have failed to do their homework.

- John Sununu

topic: Special, Benefits, Needs, Compliance, Regulators

The corporation is not an independent "person" with its own rights, needs, and desires that regulators must respect. It is a state created tool for advancing social and economic policy.

- Joel Bakan

source: Joel Bakan (2005). “The Corporation: The Pathological Pursuit of Profit and Power”, p.158, Simon and Schuster

topic: Independent, Rights, Desire, Independent Person, Regulators

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.

- Jerry Brown

topic: Gun, Government, Cells, Regulators

I don't know about you, but I'm betting that when it comes to doing the right and good thing, the Little Sisters of the Poor know better than the regulators at the Department of Health and Human Services.

- Jeb Bush

source: "JEB: 'no more powerful ... influence on this earth than the Christian conscience in action' - BRADY may miss 6-8 games -- B'DAY: Dana P". Politico Playbook, www.politico.com. May 09, 2015.

topic: Health, Little Sister, Littles, Regulators, Human Service

Government regulators are another name for police.

- James Cook

topic: Government, Names, Police, Regulators

Instruct regulators to look for the newest fad in the industry and examine it with great care. The next mistake will be a new way to make a loan that will not be repaid.

- L. William Seidman

source: "Bill Seidman's Brilliant Advice To Regulators" by Joe Weisenthal, www.businessinsider.com. May 14, 2009.

topic: Mistake, Political, Looks, Regulators

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.

- Henry Paulson

topic: Running, Impact, Agency, Regulators

Prudence is not only the first in rank of the virtues political and moral, but she is the director and regulator, the standard of them all.

- Edmund Burke

topic: Political, Firsts, Directors, Regulators

But the French writers always had more originality and independence than others, and that regulator, which elsewhere was religion, long since ceased to exist for them.

- Henryk Sienkiewicz

topic: Long, Independence, Bedtime, Regulators

Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago - because we had never figured out that the key to financial stability was leaving felons in charge of the largest financial institutions in the world.

- William K. Black

topic: Keys, Years, Leaving, Regulators, Felons

The classic problem as an entrepreneur is that they have a hard time delegating. But that's really crazy. Recruiting other executives is critical, so is dealing with customers and dealing with regulators. Those are functions that only the top founders can do.

- Robert Pozen

source: "How To Delegate Responsibility To Other People" by Aimee Groth, www.businessinsider.com. January 18, 2013.

topic: Crazy, Hard Times, Entrepreneur, Regulators

Those tragic comedians, the Chamber of Commerce red hunters, the Women's Christian Temperance Union smellers, the censors of books, the Klan regulators, the Methodist prowlers, the Baptist guardians of sacred vessels-we have the national mentality of a police lieutenant.

- H. L. Mencken

topic: Christian, Book, America, Methodists, Regulators

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.

- Vince Cable

topic: Responsibility, Abuse, Weak, Regulators

So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.

- Martin Walker

topic: Country, Banking Crisis, Europe, Austria, Regulators

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?

- Nassim Nicholas Taleb

topic: Business, Want, Derivatives, Regulators

This is the joint responsibility of everyone who was involved in the introduction of the euro without understanding the consequences. When the euro was introduced, the regulators allowed banks to buy unlimited amounts of government bonds without setting aside any equity capital. And the European Central Bank discounted all government bonds on equal terms. So commercial banks found it advantageous to accumulate the bonds of the weaker countries to earn a few extra basis points.

- George Soros

source: "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

topic: Country, Responsibility, Government, Commercial Banks, Euro

It strikes me as hubris that Universal will buy EMI. What it will do is create a super-major that will have far too much power... I think when Universal goes up over 40 percent market share, I don't see how reasonable regulators can countenance. It will impact not just labels, but artists and cultural diversity.

- Edgar Bronfman, Jr.

topic: Artist, Thinking, Impact, Too Much Power, Countenance

However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.

- George Soros

source: "'The Economy Fell off the Cliff'". Interview with Mathias Müller von Blumencron, Gregor Peter Schmitz and Gabor Steingart, www.spiegel.de. November 24, 2008.

topic: Successful, Years, Broken, Cooperating, Regulators

Passion, though a bad regulator, is a powerful spring.

- Ralph Waldo Emerson

topic: Powerful, Spring, Passion, Regulators, Love Passion

In China, going public has a cachet from a branding standpoint. It will improve our image to ad agencies, government regulators.

- Victor Koo

topic: Agency, Government, Branding, Regulators

A nervous excitability, a chronic exaltation of the passion, in which commingle the inferior life of the individual and its exterior manifestations, a state in which sentiment, idea, and will are confounded together, where for the lack of the powerful corrective of logic, the flights of imagination know no bounds, where life and human activity are deprived of a regulator, and move outside of material and concrete factors, by the sole interior force of the soul.

- Kadmi Cohen

topic: Powerful, Moving, Passion, Regulators

The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.

- Thomas Pogge

source: Source: www.truth-out.org

topic: Jobs, Responsibility, Opportunity, Bazaars, Regulators

But let me tell you what happens when regulations go too far, when they seem to exist only for the purpose of justifying the existence of a regulator. It kills the people trying to start a business.

- Marco Rubio

topic: People, Trying, Purpose, Regulators

The philosophy of Atheism represents a concept of life without any metaphysical Beyond or Divine Regulator. It is the concept of an actual, real world with its liberating, expanding and beautifying possibilities, as against an unreal world, which, with its spirits, oracles, and mean contentment has kept humanity in helpless degradation.

- Emma Goldman

topic: Atheist, Philosophy, Real, Regulators, Unreal World

Every deal is a regulated deal. Regulators will tell you how to take your money home.

- David Bonderman

topic: Home, Deals, Regulators

The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.

- George Soros

topic: Creating, Agency, Risk, Regulators, Financial Risk

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.

- Jamie Dimon

topic: People, Decision, Input, Regulators, Intricacy

Emergency Valve Regulators," she repeated. "So you do know what your doing? "Not really," he said yanking another wire. 'I made up that term to keep you happy. I'm just pulling all the red wires because they're the pretty ones.

- Derek Landy

source: Derek Landy (2015). “Skulduggery Pleasant:”, p.76, HarperCollins UK

topic: Wire, Red, Emergencies, Regulators, Valve

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so ...

- Alan Greenspan

topic: Ignorance, Reality, Expectations, Regulators, Unrealistic Expectations

There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk.

- John Redwood

topic: Design, Risk, Marketing, Regulators, Product Design

The brain is conceded to be the master organ of the body, the regulator of life, the source of human progress.

- Frederick Tilney

topic: Brain, Progress, Body, Human Progress, Regulators

My view is that Washington and the regulators are there to serve the banks.

- Spencer Bachus

source: "Spencer Bachus finally gets his chairmanship" by Mary Orndorff Troyan, blog.al.com. December 9, 2010.

topic: Views, Regulators

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.

- Henry Paulson

topic: Responsibility, Risk, Roles, Regulators, Monetary Policy

You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.

- Jamie Dimon

topic: Looks, Lobbying, Way, Elected Officials, Regulators