John Snow Financial Quotations

China can quickly take advantage of these important advances and thereby 'leapfrog' in the development of its financial sector,

I think that China remains committed to greater flexibility in their currency and opening of their financial markets, ... It's an irreversible course and we think they're now in a position to move even faster.

Many financial institutions are implementing contingency plans involving a variety of actions that will help the people of the Gulf Coast,

To have well-functioning financial markets, you need deep and liquid markets with expertise and talent and you hurt yourself if you cap yourself off from resources and talent that's available around the world.

Beyond the United States, in Asia and elsewhere we have seen where the excessive reliance on bank financing has contributed to financial crisis, ... help China's economy shift from savings to consumption without sacrificing growth.

A stronger financial sector, combined with steps like the liberalization of the retail sector and more effective use of technology in the agricultural sector, would jump-start a surge in investments in India throughout the agriculture and food processing sectors that would add jobs and increase productivity,

That's a large message, it's not really different from the message we were taking to China, that well-functioning financial markets are in a country's best interests,

Governor Zhou and Minister Jin reaffirmed this fundamental commitment and reviewed with me a number of initiatives under way in financial markets, particularly with respect to the trading platform ... that are preparing the way for greater currency flexibility.