Yes, with all our Federal and state regulations, and with all our Federal and state regulators, banks still fail when the Fed raises interest rates.
More regulations and more regulators mean more campaign donations from the regulated.
Stupidity and Corruption can't be regulated out of existence. People need to be fired, have their Executive compensation clawed back, be criminally and civilly prosecuted, and be imprisoned.
Individual Consequence is a more effective deterrent than words on a piece of paper, or, a corporation paying a fine with shareholder money.