03/22/2023
https://congress.gov...
"To the extent that a prudential standard is intended to mitigate systemic risk, it should be tailored to the bank's systemic risk."
"I believe, as many of you said in your testimony, that the $50 billion threshold doesn't accurately measure systemic importance."
"Unfortunately, that is not what they have done."
"As I recall, in February James Clapper, the Director of National Intelligence, testified before the Senate Armed Services Committee, and in that testimony, he stated that in the future we might see mo..."