On the recordMay 15, 2023
The responsibility of bank management is to take the monetary policy, the interest rate world around it, and to respond with appropriate risk metrics, and they didn't do that.
Said by
Michael S. Barr
Source
congress.gov“The responsibility of bank management is to take the monetary policy, the interest rate world around it, and to respond with appropriate risk metrics, and they didn't do that.”
Barr discusses the responsibility of bank management in response to monetary policy.
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