Second, rigor: as we devote more attention to evaluation of new and evolving risks in the financial sector, we must ensure that our assessment of vulnerabilities is based on cuttingedge thinking and a disciplined methodology. And third, analysis: regulation has evolved rapidly in the last decade, and—if we are doing our jobs right—will continue to evolve with rapid developments in the financial sector.
An important part of our work must be continual, critical analysis of the effects of regulaton with an eye to making useful improvements where possible.