mr. shareman and thank the witnesses. one of the obvious role is the role of risk management at the banks. as some of you know, i fought to have included in dodd frank a provision of section 165 h requiring all banks with over $10 billion in assets and all nonbank financial firms supervised to have a separate committee that includesa the least one quote, risk management expert in identifying, assessing risk exposures. in your testimony, you said you will require the bank to adhere to the highest management standards. in your assessment, do the policy committees have sufficient expertise in risk management to carry out the duties and also it has been reported they are changing the competition. can you provide the committee with an update and whether or not you think they have sufficient expertise. >> the risk or the introduction of a risk committee is i think a welcome improvement to the overall corporate governance of financial institutions, particularly large institutions. we view the role of the board in terms of corpor

mr. shareman for five minutes. >> thank you. mr. lynch wanted to swear in you. you've already said something that is false, that we all know is false -- >> excuse me. >> let me . >> sir. . >> i want to clarify something about swearing people in. >> we had a hearing in accept of 2009. where mr. frank was charge. and mr. frank made a decision not swear in any of the ceos of the banks about what had gone on in september of 2009. i am following the protocol of the committee. . >> if you want to -- if you want to continue to say he ought to be sworn in, that's fine. >> i'm saying that -- mr. chairman. i was not criticizing you. if i can't get to the . >> i'm saying the ranking member had said i'm doing something unusual here. what i'm doing is following the standard policy . >> mr. chairman, i didn't say you were doing anything. >> i took it as saying. >> i may -- i made no comment. >> i think it was mr. lynch. >> not everybody from boston talks the same. >> that's right. >> mr. chairman, there is normal standard operating procedure. >> i made not comment on the swea