At a minimum, banks should be concerned about their ability to provide uninterrupted service to their customers into the next millennium. If nothing else, it is simply good business. Efforts to Accommodate Industry Growth and Innovation Another goal of the Federal Reserve’s supervisory approach is to remove unnecessary barriers that might hinder the industry’s ability to grow, innovate, and remain competitive.
Developments keep evolving as I am speaking, and I do not want to engage in any speculation about what might happen. But we need to be alert that the dramatic shift in the geopolitical landscape may also affect the functioning and resilience of the global financial system.