Given the ongoing supervisory and regulatory changes, the Board and its senior-level staff members have made it a priority to work with other regulators to increase the coordination and consistency of regulation across a banking industry that has multiple regulators and charters.
We regularly consult on these matters with the Consumer Financial Protection Bureau, the Securities and Exchange Commission, and other agencies.10 The new Financial  8  See Board of Governors of the Federal Reserve System (2011), “Federal Reserve Board Proposes Steps to Strengthen Regulation and Supervision of Large Bank Holding Companies and Systemically Important Nonbank Financial Firms”, press release, December 20, www.federalreserve.gov/newsevents/press/ bcreg/20111220a.htm.