However, even if these targets are achieved, the NPL ratio in Greece will be five times higher than the corresponding European average. Hence, it is imperative to apply additional systemic solutions, complementary to the efforts of banks, for the rapid improvement of the quality of their assets.
Stripping the Federal Reserve of its responsibility for supervising regional and community banks and bank holding companies should be unacceptable to anyone who cares about equity in the nation’s banking system, largest to smallest bank, and the nation’s regional and local economies.