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Banking lobby backs Bowman's plan to modernise Fed supervision

Original: Banking lobby welcomes Bowman’s plans to ‘modernise’ Fed supervision

US Federal Reserve governor Michelle Bowman has outlined plans to modernise the central bank's supervision of banks, and the banking lobby has publicly welcomed the initiative. Industry groups see the overhaul as a chance to ease regulatory burdens, while critics are likely to watch closely for any weakening of oversight.

Why now: Lobby support signals a potential shift in how the Fed supervises banks, a live concern for the industry and regulators.

Michelle BowmanFederal Reservebanking lobby

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