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Digital currencies present a chance for money to truly become information, and for the creation of a global financial system that is truly frictionless, open, and uncensored - the vision we once had for the Internet.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
Enhanced transparency has helped to reinforce the stability of India's financial system.
We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support economic growth by lending through the economic cycle.
As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.
I look forward to the day when China has a truly market-determined solution... To get there, you need to have a currency that is market-determined, an open capital market, and you are going to need a competitive, open financial system.
The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.
The U.S. will lose its status as the superpower of the world financial system. The world will become multi-polar.
It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.