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.

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