But the crisis reinforces the point that robust capital requirements should continue to be a central component of the financial regulatory system. The U.S. banking agencies made reform of the capital regime a high priority. In response to the shortcomings of the pre-crisis capital regulatory regime, there have been three complementary threads of reform.
I trust that participation in this competition has introduced new possible career choices to the participants. The teachers accompanying the participants also deserve special recognition. Your care and commitment has laid an important foundation in the lives of the finalists.