Thomas J. Curry: “We do need stronger capital, which we are getting through Basel III and other rulemakings.”

I have been a community bank supervisor at the State and Federal level for 25 years, over 25 years, and I saw firsthand in New England the importance of community banks and their ability to help dig out of a severe recession.

Thank you for the opportunity to discuss those provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act that reduce systemic risk and improve financial stability.

Generally speaking, I think the principle is clear from the Constitution that the Federal law supercedes conflicting State law.

I share your concerns about the entire process and its ability to meet its original stated objectives.