Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
Henry PaulsonIt is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
Henry PaulsonI believe that the root cause of every financial crisis, the root cause, is flawed government policies
Henry PaulsonA single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
Henry Paulson