Naming, Shaming and Firing
June 6, 2014
“This time it’s personal” was a promo line for “Jaws: The Revenge,” the unsuccessful fourth and mercifully final Jaws movie featuring a great white shark so enraged by one family that it pursues them from New England to the Bahamas in order to eat them.
Whatever jokes the regulated may want to make about regulators, the enraged great white shark image doesn’t capture the spirit of banking regulators. But to the degree that regulators are pursuing individuals responsible for compliance failures, wherever they are, this time IT IS personal.