>If they are that good then more should be expected of them. They should be conducting independent audits - "trust by verify" or do some innovating in the area

>If they are that good then more should be expected of them. They should be conducting independent audits - "trust by verify" or do some innovating in the area of compliance. Their M.O. is always to blame someone else, the buck never stops with them. Isn't that a little extreme? $500MM sounds like a butt ton of money to you and I, but Deutsche Bank has over $800B aum. To successfully audit $800B in assets a year he'd need to look at almost $2.2B of deals a day, assuming there's 0 fluctuation in earnings per day. Then he'd have to no time for figuring out what units are the most profitable and growing those business. He'd spend 100% of his time assessing risk, kind of like that department he hires to handle risk assessments. Even if he spent an hour a day doing random spot checks of deals, their are so many sour ones to clean ones that it'd almost be a waste of time.