claireman, as i merngsed, the last time i testified u the sfb operates by con sen susz. >> okay. so treasure considered in the sdez ig nation, correct? >>. >> these as are very different matters. the fsb is not a natural authority. the fsoc does it on a parallel path. >> can a financial institution pose, in your mind, a systemic risk to the global economy without representing system grifs to our domestic economy? >> mr. chairman, i think the question of designation is a moment in time and based on analysis it had at that time. in the case of a designation of a specific institution, the process of a-sock gs -- >> i understand there may be two different processes. blue i'm simply asking in treasury's opinion, 23 one is a threat, to the global economy, are they a risk to the do mostic economy? >> it's based on the information and the analysis you have at that point. what you go through, through an f-soc determination process, is a very detailed exchange of information ultimately with a company. so treasury could report a dez ig nation of the exact same firm but not be systemically r