Last year’s bank failures left many asking, "Where were the supervisors?" Warning signs may be obvious in hindsight, but only serve to demonstrate that current oversight is overly reliant on supervisory judgement. So long as culture and risk governance remain a matter of subjective judgement, regulators and firms will remain challenged in deciding when intervention is necessary.
Observations
Jul 31, 2024In a speech delivered at a recent conference hosted by the US Federal Reserve Banks of Dallas and Atlanta, Federal Reserve Board Governor Michelle W. Bowman addressed how the regulatory and supervisory framework should be reformed following the bank failures of 2023.
Compendium
Jun 11, 2024by Stuart Mackintosh, Peter Routledge, Sharon Donnery, Bryan Stirewalt
Compendium
Jun 11, 2024Compendium
Jun 11, 2024The session titled "Culture & Conduct Risk Governance: Lessons from the 2023 Banking Turmoil" focused on critical aspects of risk governance and management in the wake of the 2023 banking turmoil. The conversation emphasized the importance of effective risk governance, highlighting the natural tensions within firms and between firms and regulators.
by Stephen Scott, Randal Quarles, Margaret E. Tahyar
Compendium
Jun 11, 2024by Stuart Mackintosh, Peter Routledge, Sharon Donnery, Bryan Stirewalt
Compendium
Jun 11, 2024
