Getting Tougher on Banks?

The Federal Reserve, the Office of the Comptroller of the Currency and the FDIC have significantly increased the number of 'warnings' to banks. In 2006, the Fed issued 30, in 2008 94 and in the first six months of this year 99. These warnings are known as memorandums of understanding in which the authorities strongly urge the banks to change their ways - get more capital, change management or make other major changes. The banks are worried as to whether the agencies will permanently increase their regulatory activities. Can it be that the agencies are doing what they're supposed to be doing?