In such a policy package, measures in different areas will need to be implemented simultaneously: not only measures to strengthen financial institutions' capital bases, but also measures to resolve excesses in the corporate sector as well as support its revitalization, and others to underpin overall economic activity.
Although this change seems relatively simple, we hope it will help banks avoid allocating precious resources to poring over supervisory guidance that does not apply to them. In addition to the advisory council, the Board last year established a supervision subcommittee on smaller regional and community banking.