Powell Says Wells Fargo Cap Won't Be Lifted Until Problems Addressed

The video discusses significant breakdowns in risk management leading to consumer abuses. It highlights the imposition of an unprecedented asset growth cap on Wells Fargo, which will remain until the company addresses its issues with satisfactory plans. The focus is on improving corporate governance and ensuring compensation practices do not encourage short-term risk-taking.

What is the main supervisory focus mentioned for the company?

What practices are supervised to avoid rewarding short-term risk-taking?