Such assistance will, we believe, require that all parties, including law enforcement authorities, better understand not only how banks and banking supervision operates but also the unintended consequences that will surely accompany a misunderstanding of these operations. Conclusion In closing, let me underline just a few key points. When implementing the law, we try to avoid unintended consequences and excessive burden.
Our regulatory programs go through intensive initial reviews that include extensive public comment, periodic review, and more-or-less continuous evaluation. Our cost-benefit analysis goes beyond burden to encompass likely effects on credit flows and bank behavior that may unintentionally defeat the purposes of the regulation.