Chairman Hensarling, Ranking Member Waters, other members of the committee, thank you for the opportunity to testify on the Federal Reserve's regulation and supervision of the financial system. My testimony today covers two main topics: our efforts to improve regulatory transparency, including the report accompanying my submission to the committee, and our progress in making the post-crisis regulatory framework simpler and more efficient. The Role of Transparency in Regulation and Supervision I am mindful that this semiannual testimony--like my position as Vice Chairman for Supervision--is grounded in Congress's ... (full story)