Timothy Geithner Quotes

Our system must remain solvent as we attempt a solution to this great problem of security. Else we have lost the battle from within that we are trying to win from without.

Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.

The main thing during a crisis is discipline, to begin investing in time again after the crisis subsides.

Without a doubt, we do support a robust framework for aggregate capital and liquidity and stress-testing.

You cannot have the financial system crippled because of lack of decision making and lack of quality people.

We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support economic growth by lending through the economic cycle.

Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.

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.

Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.

We are optimistic with respect to thrifts .... I don't think that there is any cause for undue concern and I would reject any suggestion that we are in the midst of some sort of a major systemic problem with respect to any element of our financial services industry.

Don't act like a bank unless you are a bank. That was a really big lesson learned from 2008.

No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system.

Divestment measures would improve overall banking sector health.

The financial crisis revealed important weaknesses in many areas of our financial system.

While the move to central clearing has made the system safer, we need to make sure that the central counterparties have the resources and risk-management practices to withstand plausible but severe shocks.

Good businesses will survive good times and bad times.

In the wake of the 2008 recession, Congress and the Obama Administration rightly focused financial regulation on protecting the nation's financial system from itself.

Cash combined with courage in a time of crisis is priceless.

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.

There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long.

Limiting the destructive risk-taking by large financial firms and banks which are 'too big to fail' is needed.

Enhanced transparency has helped to reinforce the stability of India's financial system.