Carl Levin actually said...

It would not come on a routine basis.

Regulators did not 'get the information' on those positions on a regular basis, did they?

Now, in May 2012, after the media disclosure of the whale trades, the bank determined the new VaR model was not portraying the SCP's risk ac...

Everyone knows what is going on and there is little need for more limits, controls, or reports.