I think the rule-making process worked well in this instance. Issuing a preliminary rule and receiving comments from bankers allowed the final regulation to better address the actual risks posed by community banks. On the consumer side, the Federal Reserve has moved to a more risk-focused exam process, from the less flexible previous approach.
If you recall, the Monetary Board improved our salary scheme and incentives program in 2007 in recognition of our good performance. Kaya ba nating ulitin ito?!!! Kaya!!! I agree with you; especially if we resolve individually and collectively to find even better ways of doing things in our respective sectors.