Chairman Scott, Ranking Member Warren, and Members of the Committee, thank you for the opportunity to testify on the Federal Reserve's supervisory and regulatory activities. My testimony today will focus on two areas. First, the current state of the banking sector. Second, progress on my priorities as Vice Chair for Supervision since my confirmation last year. My priorities relate to the effectiveness, safety and soundness, and stability of our financial system, and the effectiveness and accountability of our regulation and supervision of that system. Our supervision and regulation must support a safe and sound ... (full story)