Pat McHenry: “Nothing would have been different if FSOC had never been created.”

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

This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.

Jay Clayton is a fantastic leader and will bring credibility to the DNI job!

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.