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My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.

Henry Paulson

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Henry Paulson
Age: 78
Born: 1946
Born: March 28
Banker
Former United States Secretary Of The Treasury
Investment Banker
Politician
Palm Beach
Florida
Natural
Federal
Regulators
Problem
Potential
Complement
Role
Limiting
Problems
Identifying
Policy
Reserve
Roles
Monetary
Risk
Preference
Regulator
Responsibility
Reserves
Systemic

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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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There are some things that you can work on immediately.
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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.
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I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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The worst is likely to be behind us.
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The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority.
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