For instance - it's been suggested (I don't know if rightly or wrongly) that they have a customer who asked them to do something that would violate the US boycott laws. I'll assume that it is the case that they've been asked to violate these laws.
According to a plain reading of a document someone linked here [0] that means they are required to report the request to the US government. I'll assume that it is the case that they are required to report it too, even though I'm not a lawyer, and that's not really an authoritative source.
> The EAR requires U.S. persons to report quarterly requests they have received to take certain actions to comply with, further, or support an unsanctioned foreign boycott.
If they don't (because they forgot, because they disagree with that interpretation of the law, because they don't want to piss off the customer, etc) they now have a public facing record of them violating the law. Even if the assumptions are wrong (they likely are) and they aren't violating the law, someone might decide they are and it might result in lengthy/costly legal battles.
How many other examples like this probably live in that repo for anyone to see?
It's a bit of a chicken/egg situation - is there a strong culture of compliance because of the transparency or does the strong culture of compliance make transparency a non-issue? Whatever their secret sauce I think Wall Street could use some.