We also hope that it will provide greater clarification to our examiners, who are on the frontline fielding questions from bankers and working closely with their state regulatory counterparts. In addition to the advisory council, the Board last year established a special supervision subcommittee to more effectively address community banking issues.
At the beginning, various guarantee funds were set up by local fiscal departments and managed by guarantee institutions to share micro credit risks. But in practices, many guarantee institutions require laid-off workers to provide counter guarantee.