Don Nickles Quotes

We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.

Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999.

To say that only those businesses affected with a public interest may be regulated is but another way of stating that all those businesses which may be regulated are affected with a public interest.

When an industry has a blanket exemption and someone suggests the most modest regulation, they see it changing the universe in which they do business.

There is no such thing as free regulation.

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.

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

Is regulation per se bad? Is better regulation bad? I think better regulation is good for the business community, and I think that's something we should get together on.

He who seeks to regulate everything by law, is more likely to arouse vices than to reform them. It is best to grant what cannot be abolished, even though it be in itself harmful.

You can't, in a government agency, regulate everything that moves ... you can't regulate everything ... you must strike a balance.

The Commission concludes that the banking supervisors failed to adequately and proactively identify and police the weaknesses of the banks and thrifts or their poor corporate governance and risk management, often maintaining satisfactory ratings on institutions until just before their collapse. This failure was caused by many factors, including beliefs that regulation was unduly burdensome, that financial institutions were capable of self-regulation, and that regulators should not interfere with activities reported as profitable.

As presidents from Ronald Reagan to Barack Obama have recognized, the real question is whether regulations, whether new or old, are justified. That requires a careful analysis of their costs and their benefits.

What one has created by regulation, one could address by regulation.

The regulations keep on coming. And we are trying to make decisions that we will be happy with for decades.

There is certainly a role for regulation, but regulation should always take into account the impact that it has on markets, a balance that must be constantly weighed.

We have got so many regulatory laws already that in general I feel that we would be just as well off if we didn't have any more.

There's nothing magic about regulations, too much is bad, too little is bad.

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.

More than 50% of significant new regulations that impact on business in the UK now emanate from the EU.

Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.

We're one of the most highly regulated industries, and we have to pay attention to what government is doing.

The reality is regulation often lags behind innovation.

Road testing the effects of regulation on European business must become second nature to the European Union.

If you have ten thousand regulations you destroy all respect for the law.

When businesses affirmatively like regulations, that's when to reach for your wallet.