"Regulators are a backstop: they don't own banks. The governance at the top of our leading banks has been shown to be lamentably weak. No one at the top of Barclays will take responsibility for systemic abuse."

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For me, the involvement of states in our national effort is not just because of their constitutional and legal responsibilities. It is also stems from a basic management principle. The chances of success are higher when we create a sense of participation for everyone; when we give everyone a stake in success.

— Narendra Modi