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Fed consolidates bank supervision structure under Bowman

Original: Fed consolidates bank supervision structure Vice Chair for Supervision Michelle Bowman laid out changes Tuesday to the F

Federal Reserve Vice Chair for Supervision Michelle Bowman announced changes Tuesday to the Fed's bank supervisory structure, aiming to create 'a culture of accountability and clear decision-making authority'. The reorganisation consolidates oversight responsibilities within the central bank. Bowman, a former community banker appointed to the role, has signalled a lighter-touch approach to regulation, and the move is drawing attention from banking industry figures and policy watchers assessing its impact on oversight standards.

Why now: The Fed's reorganisation of how it supervises banks has implications for regulatory scrutiny of the banking sector.

Federal ReserveMichelle Bowman

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• Fed consolidates bank supervision structure Vice Chair for Supervision Michelle Bowman laid out changes Tuesday to the Fed’s supervisory structure intended “to implement a culture of accountability and clear decision-making authority” https://www. bankingdive.com/news/federal-r… · AlexJimenez@mas.to · 1

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