They are not worried about being out of compliance for years. The only thing that seems to matter is getting their scorecard to look green and protecting their bonus. It is a bunch of fat cats running the place into the ground, then moving on somewhere else to do it again.
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So true. All they are concerned about is making their $$$$ salaries and bonuses. It's not about reducing the risk at all. It's about getting scorecards out of the red so MDs get good bonuses.
I’ve been engaged in a project that supposed to remediate a top issue. The various internal groups openly comment about making everything as hard as possible to create busy work. The actual risk isn’t the focus. In fact the process surfaced other serious issue that are being swept under the rug.
why so vile @dv
No sh-t sherlock. You must be new to shittybank
First time in banking?