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Bank Quote by Jerome Powell

“Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control.” quote by Jerome Powell
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“Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control.”

Jerome Powell

About This Quote

Source Speech: Financial Stability Forum, 2023

Resolving a global bank crisis is hard because actions in one country can destabilize the whole effort.

In simple terms: Coordinated action is needed.

Key Takeaway

Coordinate internationally.

Themes

finance global risk coordination

Mood

cautious analytical

Type

policy strategic

When to use this quote

  • central bank meetings
  • cross‑border regulations
  • crisis drills

Key Concepts

systemic risk policy international law

Questions to Reflect On

  • How can sovereigns align incentives?
  • What mechanisms ensure cooperation?
A Different Perspective

National interests may conflict.

4.2 out of 5 (8 ratings)

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