00:00As bank regulators and supervisors, the Federal Reserve has a role to play in encouraging responsible innovation while maintaining a
00:09safe and sound banking system.
00:11But it is important to be clear about what that role is and what it is not.
00:19We can create a supportive regulatory environment by being receptive to new ideas and technologies.
00:26We can provide clarity on our expectations.
00:30But ultimately, the decision of when and how to innovate rests with each bank and its management.
00:38They know their customers and their communities and their risk appetite better than we do.
00:45Our job is to set clear expectations, to be transparent, and not to micromanage individual business decisions.
00:54If you are aware of this, please select yourtemper and invest in the bank coins.
00:54Just click into the light and show how touzzle mess with each bank coins for each bank and six River
00:54foundations.
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