The U.S. financial system may not be perfect, but it is better than any other in existence. So we should challenge the cacophony of competing monologues that denigrate our institutions and good people who do their best for their clients every day. Instead, we should aim for authentic, responsible discourse and sound policy that look to build on the monetary, tax, economic and regulatory systems that keep our economy strong and growing.
On any given day, disruptions from around the world — the global impact of conflict across the Middle East, slow growth and deflationary threats within Europe, surprise moves to impose negative rates in Japan, free-falling energy prices or the decision by China to devalue the Yuan — roil our securities markets and plant seeds of doubt. Meanwhile, opportunistic political commentary spotlights any uncertainty, casting blame and proposing draconian moves that are far from solutions and only compound fears.
All the noise is masking the fact that the U.S. economy undeniably remains strong, flexible and the prime driver of global growth. It may not be a snappy slogan, but maintaining our financial system and its support of entrepreneurship and innovation is key to continuing our strong economic performance.
— By Tom Naratil, president UBS Americas and UBS Wealth Management Americas
Join America's most influential entrepreneurs, such as Kevin O'Leary of "Shark Tank" and Robin Chase, co-founder of ZipCar, in person at iCONIC in Seattle on April 5, 2016.