History shows, however, that recoveries from financial crises, especially when they are global in nature, are significantly slower than recoveries from other types of shocks, such as shocks to oil prices. Moreover, recovery from the present situation is made especially difficult in light of the complexities involved in dealing with bad assets and restoring confidence among banks.
Independent reviews typically require the regulated entity to hire a third party to do more time-intensive work than the regulator has already done. The examiners have perhaps found a problem and want the institution, at its own expense rather than taxpayer expense, to do more extensive scoping and remediation.