On numerous occasions last year, Federal Reserve staff met with staff members of the Securities and Exchange Commission, various state insurance commissions, and other state and federal bank supervisors in a mutual effort to learn more about each other’s interests and how our role as umbrella  4  BIS Review 42/2001  supervisor can mesh best with their activities.
It is important that we maintain this cooperative process and work to make supervision as efficient as it can be. Conclusion In recent years, we have incorporated innovative ideas and accommodated significant change in banking and supervision. Institutions have more ways than ever to compete in providing financial services.