I would note that we are prepared to adjust any of the details for completing balance sheet normalization in light of economic and financial developments. In the longer run, the size of the balance sheet will be determined by the demand for Federal Reserve liabilities such as currency and bank reserves.
Challenges in meeting the specific needs of the economy and  C.  Challenges in fixing the fault lines in the system. 2  BIS central bankers’ speeches  A. Challenges in coping up with the Emerging Regulatory and Supervisory Framework  (i)  Implementation of advanced approaches under Basel II  10.