Ryan F. Quarles: “Markets are always ahead of the regulators. Frankly, that is how it should be.”

If Congress does choose to provide a guarantee for mortgages, I would urge that the guarantee be explicit and transparent, done in a manner that protects taxpayers, and apply to securities not institutions.

That is probably the highest priority item that we have, discussing ways to ensure that our systems are resilient.

I don't think that we should be weakening the CRA.

Kentucky's legislative and regulatory framework is widely recognized today as one of the best in the nation.