"We are the Betty Ford clinic for financial institutions"
Ron D’Vari, chief executive and founder of NewOak Capital
(see Risky business: Is securities restructuring the answer to problem portfolios? )
"And if there’s one thing I could ask all of us tonight, it’s to reflect before we sign the next guaranteed bonus for our colleagues across the industry. Because the reality is that we are destroying ourselves when we do it"
Michael Geoghegan, group chief executive of HSBC Holdings gets passionate
(see Geoghegan appeals to banks and governments)
"We must stay engaged, intensely, in the dialogue with regulators, politicians and central banks as we define the new paradigm. That dialogue has never been as important as it is now. If we don’t engage, others will write the new rules for us"
Chief executive of Deutsche Bank Josef Ackermann warns of the danger of a regulatory backlash
(see Josef Ackermann: Banking industry cannot shy away from making tough choices )
"Of course there is a need to modify the manner in which structured products are sold to individual investors. We should decide how that activity is supervised, whether there should be a single regulator such as ourselves, or it should remain as it is with us and the Securities and Futures Commission involved in supervising the activities of the banks in this area.