It will not be easier...

The Federal Reserve said it is setting tougher standards for examiners of the largest US banks. The tougher standards are as a result of criticism by lawmakers that the examiners had been "captured" by the lenders it supervises.

The Fed supervision was questioned when Carmen Segarra - a former NY Fed bank examiner - said that her colleagues were "too deferential to Goldman Sachs" and that they ignored her complaints.

The Fed wants a more balanced approach to examiners findings and wants to "encourage the exchange of divergent views".

You can read more about it on the Fed's website

http://www.federalreserve.gov/newsevents/press/bcreg/20151124b.htm

This reminds me of the times in my past, when outside auditors would come in the bank and question me and others about what we were doing. Quite frankly - not that there was anything being done wrong - but I tended to feel they simply were not as knowledgeable about the products or what we did.

I can imagine how Goldman would be able to push examiners around a bit. And if there was something amiss or if they did not quite understand, how an examiner might not be so anxious to become too vocal. After all, it is Goldman - and who knows, maybe there was a future job opportunity. Just saying....