I think it is terrible risk management, obviously, not to have a CRO at the firm.
The fundamental fact is, you know, the firm failed because of its interest rate risk and its liquidity risk.
Thank you, Mr. Chairman. First of all, thank you to all of you for appearing before our Committee today.
A matter requiring immediate attention is, as its name suggested, telling managers that they should place a priority on fixing this issue ov...
And I recognize that there is a difference between a matter requiring immediate attention and a matter requiring attention.
During this time period, perhaps for as much as 6 months during that previous year, the bank was without a risk management officer. Is that ...
Just to follow up a little bit, recognizing once again that we will get a full report in the next couple of weeks, but it seems to me that w...
My understanding is that there was a period of time there in which they were without a CFO as well. Is that correct?
Clearly, he's following some leaks, apparently that are coming out of a DA's office that should not happen.
It's very clear in the Constitution, in the way that the Founding Fathers had laid that out that you were looking at whether or not an indiv...