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.”
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.
Coordinate internationally.
Themes
Mood
Type
When to use this quote
- central bank meetings
- cross‑border regulations
- crisis drills
Key Concepts
Questions to Reflect On
- How can sovereigns align incentives?
- What mechanisms ensure cooperation?
National interests may conflict.