Ms. Lagarde called for regulators to stay strong in the face of complaints from the financial sector.
“I’m always concerned about the pushback of the banking industry,” she said. “It’s the nature of the game, and it’s the constant approach by the industry to actually push back. I might be a little bit blunt on that, but that’s my experience.”
“We believe it is important for the regulators, for the supervisors, for the authorities to actually resist aggressive industry pushback,” she added.
© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.
Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at firstname.lastname@example.org.
By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Independent voices from the TWT Communities
A carefully guided tour through the confusing world of modern bookselling and publishing.
“Right Angles” explores serious subjects, such as the Islamization of the Middle East and delegitimization of Israel, with humor, candor and a twist.
Columns from Voices around the World talking about the events, people, politics and social issues that concern us wherever, and whoever, we are.
Weekly agitation from a columnist who many believed to be one of the least likely to become known as a Conservative Republican.
Benghazi: The anatomy of a scandal
Vietnam Memorial adds four names
Cinco de Mayo on the Mall
NRA kicks off annual convention