Naturally, there will still be some tension between what supervisors expect and what bankers do, but we hope that supervisory expectations for risk management are becoming more and more aligned with the way that bankers run their businesses.
And as most of you know, running a smaller or less complex bank presents different types of challenges and requires a risk management framework appropriately tailored to the institution. For example, smaller organizations often face a challenge of ensuring independent review of processes and decisions since officers and staff members often have multiple responsibilities that can present conflicts of interest.