They are both well advised to limit their intrusiveness while not foregoing a thorough and professional inquiry. 2. Both consultants and supervisors face the challenge of building, sharing and applying professional knowledge and skills in a rapidly changing business environment.
The failure to manage our knowledge within teams, within agencies and even across agencies will certainly result in wasted effort and may even result in a caliber of supervision that does not keep pace with changing financial technology and increased sophistication by banks. The Federal-state coordination efforts that I mentioned are an example of this needed cooperation.