Access Quote by Henry Paulson
“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.”
About This Quote
Source Speech: Financial Reform Conference, 2010
A single agency with full market data could better prevent systemic risk and speculative bubbles than fragmented regulators.
In simple terms: One agency could better manage risk.
Support centralized oversight.
Themes
Mood
Type
When to use this quote
- government
- economic crises
- regulatory reform
Key Concepts
Questions to Reflect On
- What safeguards prevent abuse?
- How to balance oversight and market freedom?
May concentrate power excessively.