Pat McHenry: “Identified FSOC as perhaps the least transparent agency in all of the Federal Government.”

Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?

Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.

We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.

I think all options should be on the table.