If inflation is the genie, then deflation is the ogre that must be fought decisively.

We draw many benefits from globalization that people take for granted. Poverty has been reduced massively around the world. If you look at the Chinese numbers, it is quite mind-boggling: 700 million people taken out of poverty in a matter of 40 years, the poverty rate having moved from over 30 per cent from hardly six per cent now. That would not have happened if there had not been globalization.

In the area of trading, it is now an academically demonstrated fact that women tend to be a little bit more risk-adverse. They don't move positions as quickly and as erratically as men. Maybe it is a bit less profitably, but I think it would have been less risky.

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.

Think about it. Women control 70 percent of global consumer spending . . . when women do better, economies do better.

The financial industry is a service industry. It should serve others before it serves itself.

If climate change issues are not adequately addressed—if we keep running those nice energy subsidies, if the price on carbon is not adequately set, if policymakers don’t have it on their radar screens—then financial stability in the medium and long-term is clearly at stake.