Regulatory Cooperation Quotes

We are totally open kimono with regulators.

There are some very real areas where working together is critical, whether it's talking about public policy issues, enforcement, or how to work together to facilitate new business opportunities. The RIAA has gotten much more involved in that.

There are a number of institutions globally where the Federal Reserve typically leads the U.S. effort to work with financial regulators from other countries, and we try to, to the extent possible, establish international standards for how - the amount of capital a bank should hold, for example, or how much.

The EU should be concentrated on adapting to globalisation and global competitiveness, not building more powerful centralised institutions in Brussels.

Ordinarily, the feds piggyback on the S.E.C. in complicated financial cases, but history proves that breath-holding on that score is a dangerous endeavor.

However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.

While trade agreements are negotiated in secrecy, behind-closed doors, we have learned enough from leaks to know that the result of passing TPA to 'fast track' these trade agreements would affect everything from food safety to environmental protection to consumer financial protections.

E-commerce, telecom - those things have to be captured by the new NAFTA.