We have received many comments on both proposals--perhaps even from some of you. Naturally, bankers may be somewhat concerned about the effect that this proposed guidance could have on their business. But I think it is helpful to remember that the primary responsibility of regulators is to ensure that the United States has a safe and sound banking system.
When we see possibly excessive risk-taking or inappropriate risk management or controls, we must act. While most U.S. banks operate in a safe and sound manner, we must always be vigilant for problems that may arise in the future. Commercial real estate First, I would like to underscore that the proposed commercial real estate (CRE) guidance focuses on "true" CRE loans.