This event. [inaudible conversations] hello everyone. Hello, hello. Thank you for coming today. We really appreciate you being here. My name is Michael Redman i am the vp of programming for the National Commerce club. It is our first event of 2024. We are very excited to welcome you to this venue for this. Keep an eye out for emails that will be reminding about our next events in person here again in a couple of weeks it will be a very interesting events on fiscal policy in the u. S. And what it all means in the very contentious year for debates. I would also like to thank robin for finding our speaker here today. We are really pleased to welcome mark to present to us. His ideas for 30 minutes or so we will follow it up with q a where you will have your chance to ask a question for just remember every question ends with a . Please stick to that. [laughter] he is the chief economist at moodys analytics. Is a provider of Economic Research and analysis. He is the author of books on the fi
I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister bar testified before this committee there
I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister bar testified before this committee there
Okay. We are back. Next, we are going to go to the gentleman from tennessee, mr. Rose, for five minutes. Thank you to director chopra for being here today. Director chopra, last month, the New York Times ran an article with the headline calling you, quote, wall streets most hated regulator. And that bankers believe that you are a regulator gone rogue. Do you agree with the characterization that you are wall streets most hated regulator and a regulator gone rogue . Certainly not, but you know, you will have to ask them. We try to make sure that all of our work is with the Public Interest in mind, including with Financial Institutions. I want to say this to you. I feel this strongly about all of our federal regulators. In my view, your first responsibility is to help those who you regulate comply with the regulations. That your entire approach to that regulated community that you deal with should be to empower, enable, inform, educate, facilitate their compliance with the regulations tha
This hearing is just under four hours. I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister ba