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Business: U.S. regulators step up warnings to banks for poor risk-spottingSource: Reuters

U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with the matter.

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steventodd August 21, 2014 12:06 pm

That is the very least OUR “regulators” can do for us. Per TNR today (Aug 20 issue):

Wall Street Should be Thrilled with the Government's Billion-Dollar Settlements

“For destroying trillions in wealth and thousands of jobs, banks will get a write-off.” No criminal charges, no civil complaints.

“Justice Department has permitted the banks, for a price, to bury their sins.” Too Big To Fail gets a clean slate on the public record.

“In the name of deference, convenience, or something darker, the Justice Department is letting” financial crisis criminals skate.

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