Indeed, a number of governments have made important and significant steps to address structural rigidities in their countries. Progress has been uneven however and we still have a distance to cover before reaching the goals that have been set.
The risks and vulnerabilities of community banks differ substantially from those of larger banks, and an explicit tailoring of regulation and supervision for community banks is appropriate. I look forward to our discussion. 5  Current and past issues of https://consumercomplianceoutlook.org. 6  See Jerome H. Powell (2014), “Opening Remarks,” speech delivered at the Webinar on Community Banking, Washington, October 20, www.federalreserve.gov/newsevents/speech/powell20141020a.htm.