As a result, no one could confidently estimate the overall leverage in the financial system, and thus the depth and breadth of its negative impact, once the cycle went into reverse. Third, assessing the effectiveness of diversification and hedging strategies are important. Market participants need to understand that some risks cannot be truly diversified or hedged away.
Concepts underpinning the MOI training program are being incorporated into our examiner education curricula, providing an opportunity for a deeper understanding within the supervision community of the issues unique to minority-owned depositories. This responds directly to the interests expressed by participants in the outreach and market research phase of program development.