mr. chairman, and thank you for being here. at the last oversight hearing we talked about the risk created by climate change and the prospect of the fed joining now a group of 42 central bankers and regulators thinking about and working on accurately accounting for the risks related to climate change. do you have any updates on that? >> thank you, senator. as we discussed, as i think i mentioned at that last hearing, we are-- have been exploring and under their charter that requires some adjustment in order for us to join as an observer, but we're continuing to discuss with them how that can be done. in the meantime, we have attended meetings sort of auditing the class before formally registering with the ngfs and i think that's entirely appropriate. >> is there a time frame? >> they have a -- they have a meeting, their annual general meeting in april which is when they would be able to address some of these governance issues if they are able to address them, so i think it's over that time. but what i would stress is that in the meantime, we are engaged with them, you know, to involved in attending working groups, et cetera. >> the u.k. regulator recently issued guidance that