22  See, for example, Board of Governors, FDIC, and OCC (2012), “Statement to Clarify Supervisory Expectations for Stress Testing by Community Banks,” May 14. BIS central bankers’ speeches  7  examinations to the activities and risks at individual banks.
The automation of various parts of the community bank examination process can also save examiners and bank management time, as a bank can submit requested pre-examination information electronically rather than mailing paper copies to a Federal Reserve Bank. These observations relate to another issue that I might note in passing.