Capitol Report: This is the biggest risk to the financial system, say CEOs of the largest U.S. banks

As CEOs from seven giant U.S. banks testified Wednesday before a House committee, one lawmaker basically asked the bigwigs what keeps them up at night.

The exact question from Ohio Republican Rep. Steve Stivers was: “What do you think the biggest risk to our financial system is today?”

Five of the seven Wall Street bosses named cybersecurity problems first, as they went over the largest risks to the system.

J.P. Morgan Chase & Co.’s JPM, +0.84% Jamie Dimon was the first to mention cybersecurity in responding to the congressman, saying it’s “the biggest” concern, followed by the financial activity of non-banks, which he said is growing rapidly and should be closely monitored.

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