Supervisory Authority Quotes

Strong banks want strong regulation.

I do not espouse the unitarian position. President Clinton's assertion of directive authority over administration, more than President Reagan's assertion of a general supervisory authority, raises serious constitutional questions.

We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.

Obviously, if the commander makes certain decisions that the reporter thinks is inhibiting his right to report a legitimate story, he has to appeal to the commander's boss to get that changed.

We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit.

The regulators can’t do it. These institutions are just too large and complex.

General Boykin has requested that an inspector general review this matter. And I have indicated that if that's his request, I think it's appropriate.

It is absolutely essential that bank supervisory bodies have the enforcement tools, the independence, and the political support to take tough enforcement measures when they are needed. Everything else—more uniform accounting standards, improved disclosure, and risk-based supervision—will count for little if supervisors lack effective powers of enforcement and the will to use them.