The trillions of dollars in losses stand as witness to the many failures of risk management at these firms.
When self-interest and market discipline break down, we hope that the safety net of regulators will guide us out of the ...
The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks ...
But there is another way sort of to get the message across to the marketplace, and that is enforcement action.
You know, where was the risk assessment at the enterprise, as you described it?
Yes. Mr. Long, the same sort of set of issues about reliance upon information and being a captive of the regulated entit...
I will say, though, that in terms of really doing our job, if we sense that there are deficiencies and need to do more t...
Well, let me raise--because this has been publicly discussed.
But, you know, it goes back to the question I raised before, to which I think you affirmatively responded, that in terms...
We have rigorous stress testing around those models.
We depend on that when it's fully up to be about 40 percent to almost 90 percent of the movement of passengers.