Authority Quote by George Soros
“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.”
About This Quote
Source Speech: Economic Forum on regulation, 2015
Regulations are imperfect; continuous collaboration between markets and authorities is essential to address gaps.
In simple terms: Regulation needs cooperation and constant updates.
Key Takeaway
Foster ongoing market-authority dialogue.
Themes
regulation
cooperation
market dynamics
Mood
analytical
cautious
Type
commentary
policy
When to use this quote
- financial oversight
- post‑war economic policy
- modern fintech regulation
Key Concepts
public policy
risk management
Questions to Reflect On
- What mechanisms ensure effective collaboration?
- How to balance minimal regulation with necessary oversight?
A Different Perspective
Over‑reliance on cooperation may delay decisive action.
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