Any long-term strategy for profitable banking needs to be built on its value added for customers, business partners and society. In times like these, supervisors need to be especially vigilant in monitoring financial institutions and ensuring that they do not take on excessive risks. What supervisors will not do is attempt to be management consultants for banks.
There is inherent tension between the efficiency gains for individual institutions provided by centralized pooling of capital/liquidity and the objectives of host regulators/supervisors.