A machine-readable format? That's the way of the future! I bet the supervisory agencies have a robot just waiting to process all those loan applications.
Sending a separate package for each branch loan application? That's just asking for a logistical nightmare. I hope the supervisory agencies have a better way to handle all that.
Three copies with the required transmittal? That sounds like a lot of paperwork. I hope the agencies have a good filing system to keep track of it all.
A machine-readable format seems like the most efficient way for banks to submit their loan application registers. It'll make the process a lot smoother for the supervisory agencies.
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