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Fed's Bowman unveils major overhaul of bank supervision
Original: Fed's Bowman unveils major overhaul of its bank supervision
Federal Reserve Governor Michelle Bowman has announced a major overhaul of how the central bank supervises banks, according to American Banker. The restructuring of the Fed's supervisory framework is expected to change how examiners oversee lenders, a move likely to draw close attention from banks, regulators and lawmakers given its implications for the US banking system.
Why now: Bowman, the Fed's top banking regulator, is announcing significant changes to supervision that could affect how banks across the United States are regulated.
Michelle BowmanFederal ReserveAmerican Banker
Evidence
- Fed's Bowman unveils major overhaul of its bank supervision · American Banker
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