Narrower US supervisory remit could lead to more bank failures
Some former regulators see risks in fewer MRA letters, but others welcome streamlining
A plan by US prudential agencies to narrow the scope of one of their key tools for bank supervision could ultimately lead to preventable bank failures, former regulators are warning.
“The chief of one troubled bank once told a colleague of mine: ‘Leave me alone; I’m making money’,” says Neal Moran, a former supervisor at the Office of the Comptroller of the Currency (OCC). The bank later failed
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