On the recordMarch 27, 2023
If this had been not a $200 billion bank but a $5 billion bank that management's mistakes, not having a risk officer, other items, and failure of basic prudential regulation should have caught this.
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congress.govMark Warner: “If this had been not a $200 billion bank but a $5 billion bank that management's mistakes, not having a risk officer…”
Editor's note · Context
Warner argues that basic regulatory failures should have been caught regardless of the bank's size.
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