More intense and effective supervision remains a core element on the supervisory and regulatory agenda. It allows supervisory authorities to promote best practices, and identify and address risks before they become serious problems at financial institutions. The experience of the crisis showed that there was room for improvement in supervisory practices in many areas. Since then, there has been good progress in some areas. But more remains to be done. The sharing of supervisory experiences and the advancements of some supervisors in selected areas has acted as catalysts for other supervisors to improve on their practices and explore new approaches and tools.