3min chapter

The Green Blueprint cover image

A bank collapse threatens climate startups

The Green Blueprint

CHAPTER

The Failure of Risk Management and Control

I think responsibility lies in several different places. Personally, I think frankly, the bank is at fault. It's not the frontline people who were doing the work with the companies. A hedge is an expense until it saves your ass. They didn't do that. That was a huge failure of risk management and control. We're in just as good shape as those other folks are on Tuesday morning.

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