Randal Quarles, the Fed’s Vice Chair of Supervision, recently argued that the way in which regulatory agencies adjust their approach to supervision may be as important as any tweaks or changes to post-crisis rules. “The most important thing that the Fed does during this period is to think intentionally…about what we are doing through supervision and what can we do through supervision, and how do we make that effective but also fair,” stated Quarles. The remarks come as the Fed works to adjust many post-crisis rules, which require several hurdles to change – such as publication, due process, and input – that supervision does not.

Read More via American Banker.