one of our recommendations in our report is that the OCC get banks to use independent pricing services
But it was a violation of the bank's policy.
Is it appropriate to set goals to achieve RWA reductions by affecting how the models calculate the results?
Shouldn't investors have known during that call that the current status of the SCP was not great, it was losing a lot of money, huge positio...
The responsibility would lie first and foremost with management, to have the proper risk systems and controls, proper reporting.
You said that when you saw this document... last April, that you relied on the 'central scenarios included on that page describing an 80 [pe...
all of those decisions are made on a very long-term basis.
It turned out that was not true.
The operational problems--the spreadsheets, the lack of an automated database, the calculation and formula errors which lower these VaR resu...
Was it a coincidence that the way in which those marks were made changed to reduce the losses on the books at the time those losses were pil...
All right. So that this is wrong, this email is wrong. Is that correct?