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Fed to overhaul bank supervision responsibilities, Bowman says
Original: Fed plans to overhaul bank supervision responsibilities, Bowman says
Federal Reserve governor Michelle Bowman said the US central bank plans to overhaul how bank supervision responsibilities are organised. The announcement was carried by Reuters and other outlets. Details of what the reshuffle will change for regulators and banks were not included in initial reports.
Why now: The Fed is announcing a restructuring of its bank oversight, which affects the entire US banking sector.
Federal ReserveMichelle Bowman
Evidence
- Fed plans to overhaul bank supervision responsibilities, Bowman says · Reuters
- Fed plans to overhaul bank supervision responsibilities, Bowman says · KELO-AM
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