firm's we supervise and also to make sure they apply to applicable consumer protection laws so that withmay, even when faced financial conditions that are stressful, continued serving customers, consumers, and communities. weould like to discuss how have transformed our regulatory and supervisory approach in the wake of the financial crisis. he for the crisis, our primary goal was to ensure the safety and soundness of individual financial institutions. a key shortcoming of that approach is that we did not focus sufficiently on shared reform abilities across firms. consequences of the distress. failureall of 2008, the or near failure, of several of these firms, many of which we did not supervise at the time, sparked the panic that engulfed the financial system and much of the economy. today, we aim to regulate the supervised financial firms in a manner that promotes the stability of the financial stump as a whole. -- financial system as a whole. as my written testimony describes, we have introduced a series of requirements. in addition, we now supervise financial institutions on a more coord