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.
Henry PaulsonRelated topics
access agency chance crisis future identifying impact information limiting monitor necessary regulator responsible risk single way run-up bubblesRelated quotes
The first step in the direction of a world rule of law is the recognition that peace no longer is an unobtainable ideal but a necessary condition of continued human existence. But to take even this step we must return to a calm and responsible frame of mind in which we can face the long patient tasks ahead.
Margaret Mead
So much American science fiction is parochial -- not as true now as it was years ago, but the assumption is one culture in the future, more or less like ours, and with the same ideals, the same notions of how to do things, just bigger and flashier technology. Well, you know darn well it doesn't work that way...
Poul Anderson
The scientific man does not aim at an immediate result. He does not expect that his advanced ideas will be readily taken up. His work is like that of the planter - for the future. His duty is to lay the foundation for those who are to come, and point the way. He lives and labors and hopes.
Nikola Tesla
