As customers, employees, and regulators are looking to hold company boards and officers personally liable for damaging misconduct in the wake of risk governance failures, industry supervisors face heightened scrutiny from injured consumers, loss-suffering investors, and irate legislators and voters in a new era of accountability.
Observations
May 01, 2025In congressional testimony delivered earlier this week, Margaret Tahyar, Head of the Financial Institutions Group at law firm Davis Polk, called for a sweeping reassessment of US bank supervision, urging transparency, accountability, and a renewed focus on material risks over process-driven oversight.
Observations
Feb 11, 2025Last week, the US Senate Banking Committee held a hearing to investigate whether banks and regulators unfairly deny services to customers within certain industries, political groups, and religious affiliations, as reported by Reuters.
