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James I. Kaplan quoted in article “Better Ways to Test Banks’ Stress”

Compliance Week

Below is an excerpt: 

James Kaplan, a partner at law firm Quarles & Brady who previously worked as in-house counsel at multiple banks, agrees. “While the better-capitalized institutions did well during the last cataclysm, one of the things we saw was that capital wasn’t the silver bullet,” he says. “If your assets were bad, almost no amount of reasonable capital that anybody had was enough to withstand it.”

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