Richard Shelby actually said...

It would be unfortunate, I believe, if the Fed uses the QIS process solely to buy time for international insurance capital standards.

Warning against using the QIS process to delay U.S. regulatory standards.

04/27/2015

More Richard Shelby Quotes

The issue is whether the Bureau is sufficiently accountable to the American people. I and 43 of my colleagues believe that it is not.

The Bureau's unique and unprecedented structure deviates radically from the fundamental principles of accountability and checks and balances...

This was a mistake, I believe, and it needs to be corrected.

isn't that a big mistake?