reads Ezra Klein and Matt Yglesias (between the two of them they have more years than I do). Klein thinks the FDIC works well. Yglesias notes that it keeps eating banks every Friday and has doubts about the quality of its prudential regulation. I will argue that the FDIC has more of an incentive to […]

Comptroller Dugan Underscores Bank Responsibility for Model Validation WASHINGTON Feb. 3, 2006 – Comptroller of the Currency John C. Dugan said today that responsibility for validating the models banks use to manage credit risk and other critical activities lies first and foremost with the institution itself. “Just as good management requires this kind of attention […]