Finally, as part of a responsible and proactive supervisory approach, and as we have done in the past, we are conducting critical assessments of our own supervisory programs, policies, and practices. This is a prudent step and is consistent with long-standing Federal Reserve practice.
In the same vein as the "lessons learned" analysis for banking institutions mentioned above, our intent is to identify opportunities for improving our own supervisory processes both within the current environment and as preparation for future supervisory challenges.