Perhaps more than before, achieving these goals requires us to adapt our practices to changing circumstances within the banking industry and to take full advantage of the technologies that exist. Clearly, as the industry has changed, so has bank supervision.
As banks expanded nationwide, state and federal supervisors worked together, producing the interstate supervisory protocol that provides a more seamless oversight process for state chartered banks. As banks grew larger and more complex, we focused more on risk management practices and controls and less on a bank’s condition at a point in time.