mr. mckernan, what is the role of day-to-day operations. you were starting to say you were advocating for that. >> i was of the view really need have the board step up and take a more active role during the interim. one way do that would be to establish a board committee, only independent directors, to oversee implementation. >> chair gruenberg did not see the problems for 10 of his 13 years as chairman. should the board play a bigger role over change? >> that is my view. >> what can the board do specifically? >> one option would be to >> but that appears to be rejected by mr. hsu. is that correct? >> i s to be fully engaged to back the actions taken to fulfill the recommendations and thatd on the whistleblower reports both before and after the report chairman gruenberg has not been protecting fdic employees. they don't have confidence in him. ct street journal article, the title was, he survived a beat down from congress, but can he mr. hsu, do you still believe chairman gruenberg delete changes in the culture during the remainder of his t

my question is directed at mr. hsu and mr. mckernan about silicon valley bank.l institution. many policymakers and politicians were skeptical about invoking the systemic risk exception for silicon valley bank, while others, particularly those with large ties and interest in the silicon valley, supported making the banks account holders complete the whole. would you say it is true that the silicon valley bank was not an obvious candidate for systemic risk exception? >> the board, the fdic board, decided unanimously to invoke the systemic risk exception at that time based on a lot of analyses and discussion. >> okay. >> i would agree, congressman, it was not an obvious candidate. that was one of the harder decisions i have had to make my life. candidly, i would not begrudge anyone who wanted to criticize i sometimes wonder if i made the right decision. i appreciate that. i know you do the best implement the laws. a lot of gray areas in that. let me ask a follow-up bishopric is it also true as ti risk exception for silicon valley bank that an important concern rela

either mr. mckernan or mr.e icyc ability to track misconduct? >> i'm not aware whether it is complete even if we save is completed i won't believe it until i see independent validation.to >> i agree, the completion of the action plan for that particular database will only work if people feel safe. >> there is no trust to pay. >> that is the fundamental thing that needsds to be addressed. excess actually talk to him about that. about the lack of trust route the topic of collecting and tracking information 2021 office of inspector general from the ftse does not have a systematic process for collecting, writer analyzing employee retention data. according to the report at the i see revise its retention tracking process in 2023. so either mr. hsu or mr. mckernan what are the retention records does anyone know? >> may uojects to improve these. as board focus is we really need to change. people start leaving something is wrong. i'm trying to figure out w percentage of employees who leave the ftse what are we doig ther

my question is directed at mr. hsu and mr. mckernan about silicon valley bank. it was a comparatively smaller financial institution. many policymakers and politicians were skeptical about invoking the systemic risk exception for silicon valley bank, while others, particularly those with large ties and interest in the silicon valley, supported making the banks account holders complete the whole. would you say it is true that the silicon valley bank was not an obvious candidate for systemic risk exception? >> the board, the fdic board, decided unanimously to invoke the systemic risk exception at that time based on a lot of analyses and discussion. >> okay. >> i would agree, congressman, it was not an obvious candidate. that was one of the harder decisions i have had to make my life. candidly, i would not begrudge anyone who wanted to criticize me for it. i sometimes wonder if i made the right decision. i appreciate that. i know you do the best implement the laws. a lot of gray areas in that. let me ask a follow-up bishopric is it also true as part of the analysis