Chairman Hill, Ranking Member Waters, and other Members of the Committee, thank you for the opportunity to testify on the Federal Reserve's supervisory and regulatory activities. Today, my testimony will cover three areas—current banking conditions, regulatory and supervisory reforms implemented since the Committee's last prudential regulator hearing, and our path forward as we continue to promote the safety, soundness, and stability of the U.S. financial system while supporting economic growth. Banking Conditions I will begin by providing an update on banking conditions. The banking system remains sound and ... (full story)