Tailoring: A Primary Component of Post-Crisis Supervision and Regulation I think everyone in this room would agree that—while there are important ways it can be improved—the body of post-crisis regulation adopted by the Federal Reserve and its fellow banking agencies has, taken as a whole, clearly made the U.S. financial system stronger and more resilient.
In implementing these reforms, the Fed sought to achieve two parallel goals: (1) promoting the safety and soundness of individual banking organizations and (2) enhancing the stability of the broader U.S. financial system. A certain amount of tailoring was reflected from the beginning in how the Fed sought to achieve these goals.