We do not yet understand fully the extent to which different reforms are complements or substitutes and, hence, what their cumulative impacts will be.
For their part, bankers recognized the need to rebuild their capital and reserves, strengthen their internal controls, diversify their risks, and improve their practices for identifying, underwriting, and managing risk. Supervisors were also reminded of the need to remain vigilant and of the high costs that bank failures can bring, not only to the insurance fund but to local communities as well.