Good morning. Before I provide some context for today's discussions, I would like to thank all of our participants who are here with us today in Kansas City at the Reserve Bank, and those participating remotely. Most importantly, I'd like to thank our host, President Schmid, and his excellent research staff, all of whom helped to organize today's event. I especially appreciate the opportunity to highlight a few specific areas that concern me about the currently regulatory trajectory and their effects on the future of banking.1 Today's workshop addresses timely and important questions, including the forces that will ... (full story)