In doing so, I believe that fairness dictates that broad supervisory powers should not displace rulemaking. In my view, the need for fairness and due process in resolution planning is particularly critical when it comes to considering whether and how to address concerns about the resolvability of regional banks.
This question of fairness and due process is important, and it involves, among other things, a debate about the merits of a single point of entry resolution strategy on the one hand (more common among the GSIBs), and on the other hand, established bankruptcy and FDIC bank resolution procedures. This issue transcends particular firms, and particular transactions.