The bank stress tests I supervise are basically theater because we all know which banks will pass, but I keep running them anyway because admitting they are meaningless would crash the whole system.
More people experience this than they realize.
The necessity of maintaining system confidence through ritualized procedures conflicts with the desire for authentic regulatory effectiveness.
“Where Are You with Central banks and monetary policy?”
Peri can explain why this happens, help you decide if this is the right situation for you, and point toward the right journey or coach.
If this sounds familiar, the Library can help you find the bigger picture.