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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…” quote by Henry Paulson
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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.”

Henry Paulson

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.

Key Takeaway

Support centralized oversight.

Themes

finance regulation systemic risk

Mood

analytical concerned

Type

policy economic

When to use this quote

  • government
  • economic crises
  • regulatory reform

Key Concepts

centralization market monitoring policy design

Questions to Reflect On

  • What safeguards prevent abuse?
  • How to balance oversight and market freedom?
A Different Perspective

May concentrate power excessively.

3.8 out of 5 (3 ratings)

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