The way forward is for your institutions to develop core competencies in various facets to allow you to co-exist with other financial institutions in a competitive world. There too is no denying that each one of us needs to define and live within our target market.
Those who participated in the 2009 exercise, both at the banks and at regulatory agencies, know that the resource demands associated with it were considerable. Yet the value of that effort was also considerable, a fact that doubtless informed the Congressional decision to make the practice mandatory.