. >> mr. bud? >> thank you, mr. chairman, chairman powell, congratulations. i know you've heard it many times but we're glad to have you here. would it be fair to say the current situation is willing to review and question decisions made by the fsb, the financial stability board, in the past. would you be willing to review and question those? >> sure. i mean, i think we always -- if fsb doesn't make decisions about u.s. regulation, they make recommendations and if we were to enact something in a regulation we would put that out for comment and anything like that could be reconsidered in princip principle. i don't think any anything that comes to mind but maybe you can help me. >> so as much as their opinions have influenced policy, there's one in particular i'm thinking about. in 2013, the fsb instructed the international agency of insurance supervisors required them to have insurance groups. there seems to be concern among u.s.-based insurers that this would be bad for the u.s. market and u.s. policyholders so many times the leadership attempts to hide behin

mr. bud. >> thank you, mr. chairman. chairman powell, again, congratulations. i know you've heard it many times today, but we're glad to have you here. would it be fair to say that the current administration is willing to review and perhaps even question decisions made by the fsb, financial stability board, in the past? could i have your thoughts on looking back at decisions that they made would you be willing to review and question those? >> sure. i mean, i think we always -- the fsb doesn't make decisions about u.s. regulation. they make recommendations and if we were to enact something in a law, in a regulation, sorry, we would put that out for comment and, you know, anything like that could be reconsidered in principle, sure. i can't think of anything that comes to mind but maybe you'll help me. >> i've got one in particular. but as much as their opinions has influence policy, here is one in particular i'm thinking about. so in 2013, fsb instructed the international association of insurance supervisors to create a new international capital standard for inte

. >> mr. bud? >> thank you, mr. chairman, chairman powell, congratulations. i know you've heard it many times but we're glad to have you here. would it be fair to say the current administration is willing to review and question decisions made by the fsb, the financial stability board, in the past? would you be willing to review and question those? >> sure. i mean, i think we always -- if fsb doesn't make decisions about u.s. regulation, they make recommendations and if we were to enact something in a regulation we would put that out for comment and anything like that could be reconsidered in principle. i don't think any anything that comes to mind but maybe you can help me. >> so as much as their opinions have influenced policy, there's one in particular i'm thinking about. in 2013, the fsb instructed the international association of insurance supervisors required them to have insurance groups. there seems to be concern among u.s. based insurers that this would be bad for the u.s. market and u.s. policyholders so many the leadership attempts to hide behind th