That we weigh in on how other countries set up their own regimes, in a manner that will be good for u. S. Firms and the u. S. Market. Its an attempt to influence what other countries do and thereby ensure a level Playing Field that works in our best interest. Their angst is based on the fact that they believe we might end up accepting standards from the International Community that might create problems for them here at home. Nothing thats adopted internationally has any binding force in the United States. We go through our own rulemaking process and decisionmaking. Its our internal decisions now. Of course, given our thoughts on whats appropriate, were using that and collaborating, doing this collaboratively with other u. S. Insurance regulators. Were presenting positions in basel, attempted to influence the international decisions. But we decide here whats the appropriate regime. Thank you, madam chair. Time of the gentleman has expired. The chair recognizes the gentleman from illino
Not look at asset manages of siffys but maybe down the road it would . There were a set of criteria that fsok initially issued to indicate firms that it might look at. Has that been updated, chair . Im not certain if it has. But there was there was written if you dont mind well reach out to your staff to see if theres any updated criteria on that. Do you also have a set of criteria that deals with an offramp, such as if an institution designated as a sify and they go down this path in your eyes, offramp for them. Do you have that set of criteria . We evaluate each of these firms every i think ivevery si decide if its no longer appropriate for them to be des designated . Do you have the guidelines . Were to the trying to run these businesses. And were not going to i dont think it would be appropriate for us to say you need to do x, y, and z to be dedesignated. These firms understand very well why theyve been designated. And they understand what kinds of changes in their Business Model w
And the inspired action you took to come to the aid of the veteran in crisis. Thank you all for the work that you do day in and day out on behalf of those who have served. A few weeks ago i had the honor of meeting with robert mcdonald, the secretary of the va. Secretary mcdonald is a man who has time and again answered the call of duty to his and our nation. He graduated from the United States military academy at west point in the top 2 of his class in 1975. An army veteran. Mr. Mcdonald served with the 82nd airborne division, completed jungle, arctic, desert warfare training, earned the ranger tab, that expert infantry men badge. Senior parachutist wing. Upon leaving military service, captain mcdonald was awarded the Meritorious Service medal. But mr. Mcdonalds expertise as a soldier is equal by his business beingaccumen. He earned a degree from the university of utah and has a career in the private sector. Before joining the va, chairman mcdonald was chairman, president and chief ex
We went to get your thoughts on this deal that has been reached to fund the government, to push up the debt limit. Involved, butost how they are achieved. You can give us a call in three lines this morning. If you want to post on our social media pages, cspanwj on twitter. On facebook facebook. Com cspan. Send us an email at journal cspan. Org. This deal taking place tentatively yesterday. In the New York Times, Congress Strikes a deal with the president. Would alert default. Is here. Bolton could you tell us more about how you achieved this report . That this is something john boehner, and Mitch Mcconnell, harry reid, and nancy pelosi their representatives negotiated it with the legislative liaison for the white house and shaun donovan. They did it quietly. There wasnt a lot of talk about a deal coming together. There wasnt much visibility of the principles in a room together. It was done quietly and, a lot of people as a surprise when it came out yesterday. A pretty important deal. S
Appreciate the company and get outside, last warm day before weekend cooldown. Meteorologist Sarah Wroblewski and right now with the forecast. Hi there. Temperature actually improved from the 40s in spots and now into the 60s loon the coast 61 in boston, almost 60 in nashua, notice few clouds starting to filter on in that will be the trend and enjoy the sunshine while you can by the lunch hour or into the mid60s across eastern areas near 60 in worcester and noticing hints of green and thats slight chance of a hit or miss shower as weak cold front will be coming on through and think see more in way of clouds later on today at times mostly cloud and he temperatures above average, usually lower 60s, mid to upper 60s, some spots could be near 70 with sunshine and show you where you think it could be and when fall below freezing traffic now with julie. Taking to slow spots and expressway giving us trouble from Furnace Brook parkway up to columbia road. These two accidents have been lingerin