At the same time, we are taking a fresh look at how we supervise community banks and possible ways that supervision can be smarter, more nimble, and more effective. In that regard, and consistent with my earlier points about too big to fail, we know that a one-size-fits-all approach to supervision is often not appropriate.
In recent years, we have taken a number of actions to tailor supervisory expectations to the size and complexity of the banking organizations we supervise. The first step is taking a disciplined approach to judging which supervisory policies should apply to community banking organizations.