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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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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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Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
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I'm a straightforward person. I like to be direct with people.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
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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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The worst is likely to be behind us.
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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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Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.
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Even if you don't have the authorities - and frankly I didn't have the authorities for anything - if you take charge, people will follow.
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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There is no way to stabilize the markets other than through government intervention.
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An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
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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 the Indian government has embraced greater economic openness, the creativity and expertise of the Indian workforce has been unleashed onto the world economic stage.
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Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
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The U.S. didn't save enough we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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