Banking Rules Quotes

A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.

I support the Volcker rule, but there needs to be proper definitions around the Volcker rule so that banks can understand exactly what they can do and what they can't do, and that they can provide the necessary function of liquidity in customer markets.

I bet Richard Fuld doesn't have an ounce of contrition. It's just megalomania. When it's like that, you need rules to prevent catastrophe. When banks are borrowing the government's credit rating, you need rules to prevent stupid things.

I would say the No. 1 problem with the Volcker Rule is it's too complicated, and people don't know how to interpret it.

No one lives on credit in France because banks don't allow overdrafts and zero percent credit cards do not exist.

We will follow in letter and spirit whatever the RBI rules and guidelines are - whether at the holding company level or individual company level.

With the right sources of funding and some smart, strategic thinking about how to force non-banks to follow the same rules as other lenders, the entire landscape of consumer lending would change.

A banker can write a bad poem and no one thinks anything about it. But let a poet write a single bad check and he is in trouble.

One rule which woe betides the banker who fails to heed it/Never lend any money to anybody unless they don't need it.