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Matthew Teitter's avatar

Your observation regarding the possible interpretation of the 2023 crisis as a success instead of a failure made me think of the penultimate chapter of Dan Heath's book Upstream (2020) where he makes a compelling case for perceiving the response to and aftermath of Hurricane Katrina as a relative success instead of an abject failure given the Hurricane Pam simulation the previous year that projected over 60,000 deaths given the response by emergency personnel (instead of the fewer than 1,500 which actually occurred with Katrina). If you haven't read the book (yet), I recommend it.

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Mike M's avatar

I wonder if a regular policy of releasing confidential supervisory information (meaning, examination reports or memos) at regular intervals wouldn't help improve examination practices.

A (perhaps not exactly common) complaint is that examiners don't understand the business, or are making up requirements, or are focusing on minor risks at the expense of important ones just to get an MRA. Regular exposure of examination work (with names of examiners redacted but the name of the bank not) might help address this complaint.

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