The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Prince Alwaleed bin Talal: "Our goal is to get things back to normal"

Prince Alwaleed bin Talal gives has forthright views on global regulation, and the prospects for local and regional capital markets in the Middle East. He explains the role that Kingdom Holding can play in promoting Saudi Arabia’s standing in the international financial community.

Alwaleed stands firm

Online extra

Is the Federal Reserve best suited to the role of systemic regulator?
SAUDI Arabia’s Prince Alwaleed bin Talal
If they don’t sleep at the wheel again, sure they are, but if they do, you’ll have no banks left. It depends on behaviour. It depends on how strong the internal controls are, how strong the chairman, CEO and the board of directors are and how much control they have. It also depends on how much control and supervision the Federal Reserve is going to have over the banks.

If you’re asking me could this ever happen again, you bet – if people go back to their old habits. People have short memories. They can go back to old scenarios, unfortunately.

You need strong internal controls, a strong chairman, CEO and a knowledgeable board. Not a cosmetic board of directors nor a media magnate or someone from industrial projects. You need to have bankers, people with background in the financial industry.

You also have to have strong regulation and supervision by the Federal Reserve, FDIC, SEC, whatever.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree