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I wanna know who the critical third party was, and also why the regulators said "Yeah but nah"
by EdwardDiego 3y ago
I wanna know who the critical third party was, and also why the regulators said "Yeah but nah"
- twic 3y agoDid the regulators say no to Braid specifically? Felt more like the regulators were putting pressure on the sponsor bank to get out of risky businesses in general.
- inmygarage 3y agoAuthor here, yes this is what happened. It wasn't related to our model specifically but rather to the bank's entire portfolio.