Thank you for the opportunity to comment on the hearing scheduled for October 2, 2018 on the implementation of S.2155. Three of us sent you a letter on March 6, 2018 when the law was being discussed. We were concerned that the “tailoring” proposed in S.2155 would be used to lower equity requirements and thus endanger the financial system. These concerns are even stronger today. We are alarmed by the recent push from some industry participants and policymakers to weaken capital regulation, since capital regulation, when implemented properly, is the most essential, beneficial, and cost-effective part of banking regulation.