* * * It is a pleasure to be here with you at the American Bar Association banking law committee annual meeting.1 Thank you to Meg Tahyar, my longtime friend and colleague, for inviting me to speak today. These are still the early days of my tenure at the Federal Reserve—last weekend marked my first three months as the first Vice Chairman for Supervision.
In those three months, people have had a lot of questions for me, but the most frequently asked question has been: What’s next? Today I hope to give you some insights into how I am approaching the work of evaluating and improving the post-crisis regulatory regime and to outline some specific areas that are emerging as areas of focus early in my tenure.