These meetings are also an opportunity for bankers to make supervisors aware of their individual bank’s implementation plans and progress, and for supervisors to make bankers aware of current supervisory expectations with respect to those banks. Indeed, the meetings we have had to date to discuss the draft NPR have provided us with useful information about how our proposals are being interpreted and perceived.
We continue to ask for details about concerns bankers may have about cross-border implementation; it is a great help, as we work on our proposals, to hear your specific issues.