I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.

I think the Republicans have really thoughtful financial policies, and I'm more in the middle on taxation.

I don't think you could have a banker serving in a major role in Washington in the next 10 years. I just don't think it's going to happen - it's just not politically feasible - so I don't spend much time thinking about it. Do I think I could do a good job? Maybe. It's possible.

I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.

Wall Street gives money to both [Democrats and Republicans] because they want to be on the good side of whoever becomes president .

We're diversified, we're stable and consistent. Our businesses benefit from each other.

I speak to lots of people around the world, and no one would tell you that 25 basis points will make a difference to them.