Banks don't commit crimes. Bankers do. And they won't ever stop if they don't have to pay for their crimes.
With bad laws and good civil servants it's still possible to govern. But with bad civil servants even the best laws can't help.
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Strong banks want strong regulation.
When executives allegedly lie to the investing public about their company's performance and thereby harm the integrity of the market, they must be held accountable.
When will government cease being a nuisance to everybody?
If you have ten thousand regulations you destroy all respect for the law.
There is no breach of European rules committed by companies from Romania or on Romanian territory.
A focus on regulatory overreach, things that the benefit doesn't outweigh the cost, is probably the single greatest opportunity we have for having a positive impact on job creation.
When I was director of the CIA, I knew that we had been - and I'm choosing my words very carefully here - effective in our expansion. We really had - expansion of government agencies and expansion of use of contractors. Effective, we were; efficient, we weren't. And so, as director of the CIA, I went after the inefficiencies part.
ISIS' key social media-encrypted platform is Telegram, which is engineered by a Berlin-based tech company that can simply ignore the rulings of American federal judges as well as legislation passed by the U.S. Congress.
The constant need for special waivers is symptomatic of poorly written public policy. It's a signal that the cost of compliance is unreasonably high; the benefits are hard to measure; and either legislators or regulators have failed to do their homework.
Our experience is that it is not terribly difficult to do business in China. But the issue is, how much stability do you have in terms of what you negotiate up front and when you've got your feet and your investments on the ground.
Secretary Clinton doesn't want to use a couple of words, and that's law and order. And we need law and order. If we don't have it, we're not going to have a country.
In consumer protection, you can say it hurts business; that is, it makes them comply with the law, which is actually what we want them to do, but it helps consumers.
Some things simply cannot leak. And if they do leak, the government has to do something about it.
The U.K.'s reputation as a business destination will suffer if its authorities cannot be relied on to enforce the law.
My mom is a bureaucrat officer.
A company not under sanction is just like any other company, period.
Going public today is fraught with peril on many levels. One is earnings guidance. If you miss guidance, the stock price becomes very volatile. Short sellers can put a tremendous downward pressure on the stock.
Federal regulations should promote safety without unnecessarily burdening small firms and costing much-needed jobs.
Apple exists as a corporate entity with the protections provided by U.S. laws, but it cannot be allowed to pick and choose when to abide by those laws as it sees fit.
With tough interpretation of taxi and zoning regulations, neither Uber nor Airbnb would have gotten started. By the time many cities recognized their existence, both were fairly large and had the political support of their customers.
Actions aimed at supporting deleveraging and balance-sheet repair - such as recognizing losses, writing down assets, and recapitalizing banks - carry longer-term benefits but short-term costs.
By the time I finished doing regular practice, most of my work was in international regulatory law, so I was advising foreign governments about their responsibility and roles in things like public inquiries.
