Miscellaneous Quotes from week to 10th February

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ECB President Mario Draghi on CBS news and News Talk

No need to relax regulations

“Frankly, I don’t see any reason to relax the current regulatory stance which has produced a much, much stronger banking — and, generally, financial services — industry than we used to have before the crisis. The idea of repeating the conditions of before the [global financial] crisis is very worrisome. If we were to look at historical experience and ask what are the main reasons for the financial crisis starting in 2007 onwards, well, one can disagree [over] whether it was too expansive monetary policy or the dismantling of financial regulation in previous years – but surely we can agree it was a combination.”

 

Alibaba CEO Jack Ma on Business Insider

Trade is important

“If trade stops, war starts…We have to actively prove that trade helps people to communicate. And we should have fair trade, transparent trade, inclusive trade.”

 

Bank of England governor Mark Carney on the Independent 

Central banks´ time is up

“In many respects we’re coming to the last seconds of central bankers’ fifteen minutes of fame which is a good thing… In general it’s a much better balance than the only game in town being central banks and monetary policy. This is positive,”