Political Quotes

Janet Yellen: A key purpose of the [G-SIB] capital surcharge is to require the firms themselves to bear the costs that their failure…

On the recordMarch 17, 2021
A key purpose of the [G-SIB] capital surcharge is to require the firms themselves to bear the costs that their failure would impose on others.
Said by
Janet Yellen
Democratic · California

Editor's note · Context

Yellen emphasized the importance of the G-SIB surcharge for financial stability.

Share

More from Janet Yellen

Jun 11, 2025

I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs.

nbcnews.com
Apr 29, 2024

The President has proposed in his most recent budget expanding the Child Tax Credit.

congress.gov
Apr 29, 2024

How is it that our corporations, our multi-nationals would remain competitive if they pay a rate on their foreign profits that is higher than 15 percent?

congress.gov
Nov 1, 2023

The president has made clear that he would veto the bill in the House that ties aid for Israel to cuts in funding for the Internal Revenue Service.

transcripts.cnn.com

Other voices in this conversation