I find that hard to believe, particularly for banks in the United States.

It is unquestionably true that, on average, larger banks are involved in riskier activities.

Republicans are on the attack once again, trying to put women's fundamental rights on the chopping block. I stand with my colleagues to fight back. Senator Patty Murray of Washington, Senator Mark Udall of Colorado, and 40 other Senators…

I think the language in the statute is pretty clear that you are required, the Fed is required to call it every year on whether these institutions have a credible plan.

I am not quite sure whether you are saying the plans are not credible and you are continuing to talk with them and asking them to change their plans.

I hope you would urge greater transparency by these large financial institutions that are required to submit these plans.

One of the tools that Congress has given the Fed to combat too big to fail is Section 165 of Dodd-Frank.

the Fed must act prudently and protect the public.

Can you honestly say that JPMorgan could be resolved in a rapid and orderly fashion as described in its plans with no threats to the economy and no need for a taxpayer bailout?

I remind you, there are very effective tools that you have available to you that you can use if those plans are not credible, including forcing these financial institutions to simplify their structure or forcing them to liquidate some of…

High-frequency traders are not making money by taking on risk.

All right. I am out of time. Thank you, Mr. Chairman.