Richard Shelby actually said...
I have just got a minute. So in a recent speech--you are familiar with this, I am sure--the Managing Director of the International Monetary Fund, Christine LaGarde, suggested that increasing the capital standards 2.5 above Basel III for our largest banks would work to reduce the systemic risk a trillion-dollar bank by a quarter.
Context
Shelby references LaGarde's suggestion on capital standards to mitigate systemic risk.
06/24/2014