--- title: "Meaning & Key Takeaway of: There is no evidence that more regulation…" description: "\"There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't sav..." image: "https://sms4smile.com/quotes/i/0b3/wilbur-ross-9357_america_there-is-no-evidence-that-more-regulatio_1649424.jpg" --- # There is no evidence that more regulation makes things… ![“There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.” quote by Wilbur Ross](https://sms4smile.com/quotes/i/0b3/wilbur-ross-9357_america_there-is-no-evidence-that-more-regulatio_1649424.jpg) [Download](https://sms4smile.com/quotes/i/0b3/wilbur-ross-9357_america_there-is-no-evidence-that-more-regulatio_1649424.jpg) [Open image](https://sms4smile.com/quotes/i/0b3/wilbur-ross-9357_america_there-is-no-evidence-that-more-regulatio_1649424.jpg) > “There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.” [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. More regulation does not guarantee better outcomes; even heavily regulated sectors can fail due to poor decisions. **In simple terms:** Regulation alone can't prevent failures. Key Takeaway Focus on decision quality, not just rules. Themes regulation risk management financial stability Mood skeptical analytical Type policy analysis economic critique When to use this quote - banking - investment - policy making - corporate oversight Key Concepts systemic risk governance incentives Questions to Reflect On - What safeguards can complement regulation? - How can incentives be aligned to reduce risky behavior? A Different Perspective Regulation may be insufficient without effective enforcement and culture. ★ ★ ★ ★ ★ No ratings yet [America](https://sms4smile.com/quotes/about/america/) [Banking](https://sms4smile.com/quotes/about/banking/) [Better](https://sms4smile.com/quotes/about/better/) [Commercial](https://sms4smile.com/quotes/about/commercial/) [Decisions](https://sms4smile.com/quotes/about/decisions/) [Evidence](https://sms4smile.com/quotes/about/evidence/) [Evidence Regulation](https://sms4smile.com/quotes/about/evidence-regulation-637706/) [Highly](https://sms4smile.com/quotes/about/highly/) [Highly Regulated](https://sms4smile.com/quotes/about/highly-regulated-637705/) [Industry](https://sms4smile.com/quotes/about/industry/) [Institutions](https://sms4smile.com/quotes/about/institutions/) [Makes](https://sms4smile.com/quotes/about/makes/) [Making](https://sms4smile.com/quotes/about/making/) [More](https://sms4smile.com/quotes/about/more/) [Most](https://sms4smile.com/quotes/about/most/) [Regulated Industry](https://sms4smile.com/quotes/about/regulated-industry-637703/) [Regulation](https://sms4smile.com/quotes/about/regulation/) [Regulation Makes](https://sms4smile.com/quotes/about/regulation-makes-637704/) [Save](https://sms4smile.com/quotes/about/save/) [Terrible](https://sms4smile.com/quotes/about/terrible/) [Things](https://sms4smile.com/quotes/about/things/) [Those](https://sms4smile.com/quotes/about/those/) ## Related quotes > [Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.](https://sms4smile.com/quotes/wilbur-ross/banking-i-would-argue-is-the-most-heavily-regulated-industry-in-the/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [My confidence was of the hothouse variety, carefully cultivated under highly regulated conditions. 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Prusiner](https://sms4smile.com/quotes/author/stanley-b-prusiner/) > [I read all The Ramones books and a lot of them are highly over-exaggerated.](https://sms4smile.com/quotes/marky-ramone/i-read-all-the-ramones-books-and-a-lot-of-them-are-highly-over/) [Marky Ramone](https://sms4smile.com/quotes/author/marky-ramone/) > [We knew the people in Natick and knew the teachers that would be teaching our children. It was important for us to be involved…](https://sms4smile.com/quotes/darren-flutie/we-knew-the-people-in-natick-and-knew-the-teachers-that-would-be/) [Darren Flutie](https://sms4smile.com/quotes/author/darren-flutie/) > [I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in…](https://sms4smile.com/quotes/niall-ferguson/i-think-the-rise-of-quantitative-econometrics-and-a-highly/) [Niall Ferguson](https://sms4smile.com/quotes/author/niall-ferguson/) > [Obama himself has been highly supportive of Mubarak.](https://sms4smile.com/quotes/noam-chomsky/obama-himself-has-been-highly-supportive-of-mubarak/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [Osama Bin Laden is dead. Killed not by a massive troop deployment but by a commando raid carried out by a few dozen highly…](https://sms4smile.com/quotes/richard-engel/osama-bin-laden-is-dead-killed-not-by-a-massive-troop-deployment-but/) [Richard Engel](https://sms4smile.com/quotes/author/richard-engel/) > [Everything I write is highly personal, but put in such a way that it's not dropping everything in someone's lap. Although sometimes I think…](https://sms4smile.com/quotes/jane-siberry/everything-i-write-is-highly-personal-but-put-in-such-a-way-that-it-s/) [Jane Siberry](https://sms4smile.com/quotes/author/jane-siberry/) ## More by Wilbur Ross > [The E.U., China, and Japan all talk free trade, and they all practice protectionism.](https://sms4smile.com/quotes/wilbur-ross/the-e-u-china-and-japan-all-talk-free-trade-and-they-all-practice/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [There's trade, there's sensible trade, and there's dumb trade.](https://sms4smile.com/quotes/wilbur-ross/there-s-trade-there-s-sensible-trade-and-there-s-dumb-trade/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.](https://sms4smile.com/quotes/wilbur-ross/we-re-in-a-trade-war-we-ve-been-in-a-trade-war-for-decades-that-s-why/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Everybody talks about tariffs as the first thing. Tariffs are the last thing. Tariffs are part of the negotiation. The real trick is going…](https://sms4smile.com/quotes/wilbur-ross/everybody-talks-about-tariffs-as-the-first-thing-tariffs-are-the-last/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs,…](https://sms4smile.com/quotes/wilbur-ross/we-ll-be-aggressive-on-trade-because-we-know-that-deals-that-have/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [If people know you have the big bazooka, you probably don't have to use it.](https://sms4smile.com/quotes/wilbur-ross/if-people-know-you-have-the-big-bazooka-you-probably-don-t-have-to/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and…](https://sms4smile.com/quotes/wilbur-ross/the-united-states-is-the-least-protectionist-country-in-the-world-but/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.](https://sms4smile.com/quotes/wilbur-ross/banking-i-would-argue-is-the-most-heavily-regulated-industry-in-the/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Barring some national security concern, I see no valid reason to keep peer-reviewed research from the public. To be clear, by 'peer review,' I…](https://sms4smile.com/quotes/wilbur-ross/barring-some-national-security-concern-i-see-no-valid-reason-to-keep/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice.](https://sms4smile.com/quotes/wilbur-ross/china-is-the-most-protectionist-country-of-the-very-large-countries/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I believe in the two-party system.](https://sms4smile.com/quotes/wilbur-ross/i-believe-in-the-two-party-system/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities.](https://sms4smile.com/quotes/wilbur-ross/ships-are-a-strange-kind-of-commodity-because-they-re-very-lumpy-very/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers?…](https://sms4smile.com/quotes/wilbur-ross/we-think-over-the-long-term-the-real-key-to-value-of-a-bank-is-does/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is…](https://sms4smile.com/quotes/wilbur-ross/i-m-a-very-big-proponent-of-cloud-we-ve-used-it-a-lot-in-private/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think…](https://sms4smile.com/quotes/wilbur-ross/i-think-partly-the-decline-in-the-peso-was-due-to-worry-about/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) [Explore all 73 Wilbur Ross quotes ](https://sms4smile.com/quotes/author/wilbur-ross/) ## More America quotes > [The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory…](https://sms4smile.com/quotes/noam-chomsky/the-costs-of-the-bush-obama-wars-in-iraq-and-afghanistan-are-now/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [Young men, especially in America, write to me and ask me to recommend “a course of reading.” Distrust a course of reading! 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And America looks to its Corps of Marines.](https://sms4smile.com/quotes/ronald-reagan/today-the-world-looks-to-america-for-leadership-and-america-looks-to/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [The image of blacks usually is one of people who are suffering from hunger, unemployment, and poverty. The idea of them as agents and…](https://sms4smile.com/quotes/grace-lee-boggs/the-image-of-blacks-usually-is-one-of-people-who-are-suffering-from/) [Grace Lee Boggs](https://sms4smile.com/quotes/author/grace-lee-boggs/) > [ I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? 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