Tell us
what you think
Our Sponsors
 |
Our Sponsors
|
Greenspan on Risk
"As I have said many times, regulators and legislators should not act as if the optimal degree of bank failure were zero. Rather, policymakers must continually assess the tradeoff between, on the one hand, protecting the financial system and the taxpayers, and on the other hand, allowing banks to perform their essential risk-taking activities, including the extension of risky credit."
Statement by Alan Greenspan at the Annual Convention of the Independent Bankers Association of America, March 22, 1997.
Copyright © 1997 Compliance Action. Originally appeared in Compliance Action, Vol. 2, No. 4, 3/97
Rate This Article
Current Rating For the Feature:
Content-type:text/html
File or Directory cannot be opened.
Default error message. |
|