'Regulation Is a Cat-and-Mouse Game': Our Backporch Quotes
April 27, 2015 9:00 PM
Fed Vice Chairman Stanley Fischer on the shadow banking sector, Wells Fargo's Jonathan Velline on why his company isn't cutting back on branches the way others have, and more quotes on hot topics from across the banking industry.
Image: Fotolia
Image: Fotolia
Suresh Ramamurthi
"I'll probably have to document everything in triplicate and notarize it personally with my blood before we go live."
Chairman of CBW Bank in Weir, Kan., on regulatory scrutiny for its plan to use Ripple Labs' cryptocurrency technology to facilitate cross-border payments
Keith Rabois
"We went from this bunch of misfits to the center of the ecosystem."
Partner at Khosla Ventures and one of numerous ex-PayPal employees now working with Silicon Valley's most valuable startups, discussing the so-called PayPal Mafia
Stanley Fischer
"Regulation is a cat-and-mouse game."
Federal Reserve vice chairman, urging regulators to focus more on risks in the shadow banking sector given its rapid growth
Duncan Niederauer
"If the train's leaving the station, you'd rather be on it and be the conductor than a bystander on the platform."
NYSE's former CEO who now advises a Bitcoin derivatives platform, describing cryptocurrency technology as an opportunity for the banking industry
Robert Reffkin
"Smart people go to where they feel there is the most growth."
Co-founder of the tech-focused brokerage Compass and former Goldman Sachs employee, on Ruth Porat's move to Google and how talent is migrating from finance to technology
Jonathan Velline
"If you think about the lives of our customers, they're not shut-ins."
Wells Fargo's head of branch strategy, saying the company's 6,200 'stores' allow it to be part of customers' daily traffic patterns
James Comey
"Bad fads can be stamped out, and that's what we're trying to do."
FBI director, discussing how Houston leads the nation in armed takeovers of banks, at six times the national average
Mark Warner
"For those of us who were very involved in Dodd-Frank, there was no intent to create a 'Hotel California' provision."
U.S. Senator, D-Va., arguing that large nonbanks should have a chance to escape designation as a systemically important financial institution
Fitch Ratings
"We believe conduct risks cannot be fully averted for such a large and diversified group."
In a research note questioning whether HSBC is too big to manage and warning that further compliance scandals could threaten its bond rating
