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Wells Fargo says four top risk management executives to retire: WSJ
Debate Information
Article -
https://www.cnbc.com/2018/03/23/wells-fargos-four-top-risk-management-executives-to-retire-dj.html
it seems that risk management in financial institutions is taking a key role in transformation. On one hand Large Banks are disrupted by fintechs, and on the other hand being overwhelmed by regulations and risk oversight. The startups, blockchain ventures, and fintechs don't yet have to do nearly the same level of risk management as large financial institutions, but is that day coming?
Published 18 Hours Ago Updated 17 Hours AgoCNBC.com
https://www.cnbc.com/2018/03/23/wells-fargos-four-top-risk-management-executives-to-retire-dj.html
it seems that risk management in financial institutions is taking a key role in transformation. On one hand Large Banks are disrupted by fintechs, and on the other hand being overwhelmed by regulations and risk oversight. The startups, blockchain ventures, and fintechs don't yet have to do nearly the same level of risk management as large financial institutions, but is that day coming?
Wells Fargo says four top risk management executives to retire: WSJ
- The changes follow a recent enforcement action by the Federal Reserve, which restricted the bank's size and replaced four board members.
- The Office of the Comptroller of the Currency, another banking regulator, is getting close to finalizing its own enforcement action and civil penalty related to Wells Fargo's risk controls, the Wall Street Journal reports.
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