Supervisory mandate of central banks and the spate of bank failures: who is to blame?

What is it about?

Any laxity in banking supervision should be identified sooner rather than later before they become multi-layered, otherwise banks and other financial institutions are likely to continue being targeted and exploited by criminals. There is anecdotal evidence that when a bank is poorly supervised, it opens a doorway for criminals to infiltrate it—both from within and without for their own grandiose interests.

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