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A failure to communicate openly with us can affect the well-running of markets and cause unnecessary harm to investors, especially in times of financial stress or crisis, regulators need open communication with firms so that better decisions can be made sooner. Mr Macris should have explained the position more squarely, especially when he knew the synthetic credit portfolio’s losses had worsened.

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Reuters 8 years ago

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    "Mark Steward Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.quotes.net/citizen-quote/171351>.

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