Failure rarely happens because leaders make the wrong decision. It happens because the right decision is made too late to matter.

Boards that treat regulatory planning as strategy abdicate their most important duty.

As internal procedures are tightened to prevent variance from norms and reduce external scrutiny, eventually the procedures themselves replace individual considerations of risk and reward.

The biggest strategic constraints for banks are not imposed by regulators, markets, or technology. They are imposed by the institution itself; through systems they inherited and reinforced.

PPT helps you run the play. It can’t help you choose the play.