Congress has also recognized the need for prompt action, imposing a variety of time limits for agency action on bank applications.3 Recently, we  4/7  BIS - Central bankers' speeches  have seen an increase in average processing times in the merger review process.4 I am concerned about delays in the applications process and am concerned that the increase in average processing times will become the new normal.
These norms are of course related to the rules, guidelines, structures, incentives, and punishments that the organization creates. Indeed, one important determinant of behavior is the shared expectation as to which of the stated values and rules of an organization will be supported and reinforced by management action, and which are generally regarded as window dressing.