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Aside from his central role co-ordinating the administration's anti-terrorism strategy, Brennan became part foreign envoy, dispatched to deliver messages from the White House to Yemen's leaders, and part oversight officer as he kept a watch on sensitive terror-related incidents such as the investigation into the killings of soldiers at Fort Hood by a Muslim officer.
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But there were hints Thursday of the succession struggle that marred Mr. Ackermann's final years at the bank and helped derail plans for him to become chairman of the supervisory board, a part-time oversight role that many of his predecessors have held.
Dangers found in weak Medicare Part D oversight.
For the most part, however, oversight is left to state attorneys general.
The case stemmed in part from oversight of OptionsXpress, a firm now owned by Charles Schwab, which was accused by the S.E.C. of engaging in an abusive naked short-selling scheme, or selling shares before borrowing them first.
In part, the oversight may be because of the group's repertoire, which focuses mostly on holiday and lighter fare, with one "serious" concert each season.
The bank denied a report by Der Spiegel, the German news magazine, that Mr. Ackermann was seeking to become chairman of the bank's supervisory board, a part-time oversight position.
Robert W. Brown, a member of NOAH's part-time oversight board, said in an interview that he had been subpoenaed for additional documents and to appear before a federal grand jury on Aug. 21.
As part of their oversight responsibility, boards seek to assist management in carrying out these responsibilities.
The 1996 crash was also linked in part to improper oversight of contractors.
As part of that oversight, the agency said it would look at whether banks are doing more robust underwriting.
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