For meaningful reform to take root, regulators must exit the shadows
Open Banker
Davis Polk partner and Financial Institutions practice head Margaret Tahyar authored “For meaningful reform to take root, regulators must exit the shadows” in Open Banker with co-authors Steve Gannon and Graham Steele.
The authors discuss how transparency – a hallmark of democratic government – is in tension with the culture of supervision within the banking agencies and how the extremes of this culture of secrecy lead to concerns about accountability, capture and complacency.
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