Every "pointless" banking protocol exists because of an actual bank failure.
Such as some random reports banks are required to file to FinCEN. Just creates an infinite loop of paper nobody ever evaluates.
Some mandatory personnel a regulator requires, yet cannot realistic do their adversarial job in an at-will employment world.
There’s more.
FinCEN reports aren't related to bank failures, they're related to money laundering and other financial crimes. FinCEN means "Financial Crimes Enforcement Network." Banks file these reports because a number of financial crimes require the use of bank services.
And most agency personnel would outcompete you in an adversarial at-will employment world. They work for the government, for less pay, because they want to, not because they need to.
Yes the internal auditor of the government released reports of failed government policies, how did you read anything else
We're talking about bank regulations, not every failed government policy. It appears you're just trying to move the goal posts.