Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.
Interpretation
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.
In practice
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.'
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.
Tackling climate change is a collective endeavour, it means collective accountability and it's not too late
I have lived with extraordinary women, whether it was my grandmother, my mother. My father passed away when I was 16... I was witness to a woman who single handedly brought up the entire family and managed to do everything... She was an extraordinary role model for me.
I'm of those who believe that excesses in all matters are not a good idea, whether it's formation of bubbles, whether it's excess in the financial market, whether it's excess of inequality, it has to be watched, it has to be measured, and it has to be anticipated in terms of consequences.
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.
Very often as a little girl, then as a young woman, I have suffered my lot of discrimination. I was brought up with brothers; I grew up in a boys' world. You have to elbow your way in. When you come with that sentiment of having been in a minority for a long period of time, then you are much more attentive to minorities.
People ask the difference between a leader and a boss. The leader leads, and the boss drives.
We create a standard for how we want to do things, and everybody's got to buy into that standard or you really can't have any team chemistry.
To create an organization that's adaptable and innovative, people need the freedom to challenge precedent, to 'waste' time, to go outside of channels, to experiment, to take risks and to follow their passions.
I once played a sheriff who thought he could do the job without a gun. I was dead in twenty-seven minutes of a thirty minute show.
We need business leaders who have a respect for technical issues even if they don't have technical backgrounds. In a lot of U.S. industries, including cars and even computers, many managers don't think of technology as a core competency, and this attitude leads them to farm out technical issues.
In the South, there was absence of any leadership corresponding in breadth and courage to that of Abraham Lincoln.
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