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Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.
Christine Lagarde
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Interpretation

What this quote means

Regulation is crucial for managing risks in the banking sector to protect both nations and individuals.

Christine Lagarde emphasizes the importance of regulation in the banking sector, highlighting that the financial system poses risks to both countries and individuals. Proper oversight and rules are essential to ensure stability, protect consumers, and prevent financial crises that could have far-reaching consequences.

Themes

RegulationBankingRiskStabilityFinancial

In practice

Example use cases

In a speech on financial reform, I might say, 'As Christine Lagarde wisely pointed out, regulation is necessary in the banking sector to mitigate risks.'

More from Christine Lagarde

In the 2013 Economists Program, we hired 51 percent women, 49 percent men. And the reason for that is that we have a draft from all over the world, and we've hired, for instance, in that group, a good number of Chinese economists - highly qualified, all Ph.D.s from the best universities of the world. And guess what? They're all women.
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You know, when I sit in meetings and things are very tense and people take things extremely seriously and they invest a lot of their ego, I sometimes think to myself, 'Come on, you know, there's life and there's death and there is love.' And all of that ego business is nonsense compared to that.
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