While it is unrealistic to think that these concerns can be eliminated, it is critical that they be addressed head-on. We cannot know for certain that the regulatory, supervisory, and legislative changes to which I have already alluded will be up to these tasks.
Accordingly, as I have said before, all participants in the reform process must continue to explore other possibilities – including potentially quite innovative possibilities – even as we work to shape and implement the current batch of worthwhile proposals to these ends.