A third relevant proposal for Congressional action is creation of an oversight council composed of the financial regulatory agencies. This council, which should be given access to a wide range of information from regulators and market actors, would be charged with identifying emerging risks to stability and regulatory gaps across the entire financial system, and coordinating agency responses to potential systemic risk.
While today’s webinar is no substitute for face-to-face meetings with bankers, it is a special treat to be able to leverage technology to speak to and hear from so many community bankers across the country at the same time. As all of you surely know, community banks play a vital role in the U.S. financial system.