Hacker News new | ask | show | jobs
by smt88 1197 days ago
Well, you'd hope someone who used to regulate banks (and will never go back to regulating them) would be a good candidate for managing a bank.

In practice, yeah, it probably never happens.

1 comments

Regulators aren’t good candidates for managers and viceversa because…

Being a regulator and a manager of a profitable enterprise have very few things in common.

You don’t want your audit and compliance department calling the shots for a corporation.

Just like the last thing you need is a CEO whether sales or engineer type making all of the risk, audit and compliance decisions.