I think that is a waste of time and money, but is there anything that can be done to get the regulators to stop focusing on process and start looked at deficiencies, noncompliance, and other risks in a bank's operations, so we stop the failures that are occurring?
Virginia Foxx: “I think that is a waste of time and money, but is there anything that can be done to get the regulators to stop focusing…”
On the recordMay 23, 2023
Source
congress.govEditor's note · Context
Foxx questions the focus on regulations instead of addressing bank operational risks.
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