Consultants are hired by management and work to add value to the shareholders that management represents. Supervisors, in contrast, ultimately work for the public at large. Rather than adding shareholder value, supervisors seek to reduce or eliminate excessive risks to the financial system and the federal safety net. 2.
Supervisors have much more impact in the banking industry than even the most savvy or articulate consultant. We must be willing to exercise that moral and legal authority to forestall as best we can practices that we know might become harmful even before the full results of such practices become evident. In this we may not always be popular. 3.