If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I’m very cynical about capitalism, especially in the USA.
the CRO isn’t there to stop risk, in the same way that HR/ethics-and-compliance people aren’t there to protect people.
this is true. but regulators still hold CROs accountable for that .
Sucks to be a CRO, heh.