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This is Bloomberg Technology.

I'm Caroline High.

Let's go straight to some of the key takeaways

from those very hearings.

Blue Mo Chanale Basek has been standing by also

on Capitol Hill.

And Chanali, the takeaways you think

in terms of actually approaching Basel 3 end game.

Listen on one hand the lawmakers some of them have heard their cry.

They heard the Bank CEO's case and they believed it in some cases but you know they would have to go to the

Federal Reserve and the FDIC and other regulators and make it sure that those

regulators waited to implement these rules and really push this off. Now on the other hand one senator I

spoke to of particular interest was JD Vance, the Ohio Republican who you may

remember was a venture capitalist himself. I asked him whether the private

credit industry, the private funds industry would also face their own

regulation and he said that is very highly likely.

He could see things going that way.

...