You know, where was the risk assessment at the enterprise, as you described it?
But there is another way sort of to get the message across to the marketplace, and that is enforcement action.
The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks ...
When self-interest and market discipline break down, we hope that the safety net of regulators will guide us out of the ...
The trillions of dollars in losses stand as witness to the many failures of risk management at these firms.
This financial crisis has demonstrated that, contrary to the presumption of many, financial institutions were unprepared...
Having listened to that, it is, I think, very insightful, and it seems to be a great approach.
You know, making the diagnosis that you are ill and then not treating the patient is, you know, malpractice.
And it raises the question with respect to the Federal Reserve that if these documents are solely within the purview of ...
I would presume, and correct me, that those procedures, those appropriate procedures you described, were not being deplo...
I would hope it would be public.