On the recordMarch 17, 2009
The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks that were building.
Source
congress.govThe governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks that were building.
Reed criticizes the failures in governance and risk assessment in financial firms.
Share & report
More from Jack Reed
Firing the military's most senior legal advisers is an unprecedented and explicit move to install officers who will yield to the president's interpretation of the law.
The day’s cruel and callous display does great harm to U.S. standing in the world.