zerohedge.com / by Tyler Durden on 11/20/2014 16:43
Moments ago, in the aftermath of the latest scandal involving Goldman’s Rohit Bansal getting material information from a NY Fed employee, finally admitted that the original Carmen Segarra “whistleblower” allegations, namely that there was a material weakness (as in it is non-existent) when it comes to the NY Fed’s supervision of TBTF banks, by which we mean Goldman Sachs here, were founded and valid when at 4pm on the dot the NY Fed released this:
The Federal Reserve Board on Thursday announced two separate reviews that are underway at the Federal Reserve System to ensure that the examinations of large banking organizations are consistent, sound, and supported by all relevant information.
At the request of the Board, its Inspector General is examining two aspects of the Federal Reserve System’s examination program for large banking organizations:
- Whether there are adequate methods for decision-makers at the relevant Reserve Banks and at the Board to obtain all necessary information to make supervisory assessments and determinations;
- And whether channels exist for decision-makers to be aware of divergent views among an examination team regarding material issues.