This means continued work by the Federal Reserve and the FDIC to require these firms to develop their resolution plans and, more importantly, modify their organizational structures and day-to-day practices such as liquidity management so as to enable an orderly resolution, should it become necessary.
Page 2 of 5  The goal has not been to control house prices. The goal is to ensure the resilience of borrowers. And thereby increase the banks' robustness. It is crucial to evaluate the effects of such measures. There is a clear need for more research in this field both by central banks and by academics.