John Bruton Quotes

But our system of regulation must keep up with this. If it fails to keep up, it will hold back economic expansion. We need financial market regulation that works at national and European level.

There's more honor in investment management than in investment banking.

I decided I was going to go to Wall Street, and I was introduced to some people... I met a guy who knew a bond trader at Pressprich, and he got me to meet him and the guy that ran their sales department, Jack Collin.

There are no patents in finance.

I hated being a junior investment banker. I loved the research business, the wealth management business.

My father was an investment banker, a stock broker.

The thing about innovation in financial markets is they're always building on what has come before. It's a natural process.

I have nothing against investment banking, but it's like massaging money rather than creating money.

Some big banks remain wary of venture capital.

My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.

Investors need to get rewarded for their investment, especially in unstable countries.

Do we have to regulate derivatives? Yes, we do. 'Cause when I did this in my investments, frankly, no one knew who could pay who. But derivatives have an important place in our economy.

Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.

No one can solve an issue where there is no economic model yet.

Investing is a business where you can look very silly for a long period of time before you are proven right.

As long as there is cash, and the economy is running, all is well. But as a bank, we'll have to test, experiment, try a hundred different things. A few may work, a few may fail, but we have to experiment and try.

My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking.

We don't think of ourselves as a regional investment bank. We think of ourselves as merchant bankers with clients all over the country.

For the Amex, which has been casting around for a role for itself, microcaps fill a crucial void - a 'niche' that Amex officials feel has been neglected.

The markets were run by mathematicians and their models but they had no business sense.

Banks always want their capital requirements to be as low as possible, so they can take more risks, which can enable them to make more money – and reap bigger bonuses for executives.

Financial firms believed that if a crisis developed, the insatiable demand for exotic [financial] products would dissipate only slowly. They were mistaken.

Banks are employing risky derivatives strategies to goose up returns….the interbank market could freeze up, and one could well have a full blown financial crisis.

I think people have to be very careful with new ideas [in fiancé and economics]. What you need to worry about is when you have something that’s a really good idea, but you get too much of it too fast, like over-the-counter derivatives.

In India, the investment banking industry is a little different. Overseas, the structures are very complicated, but not in India.