Business & Finance
Fed’s Bowman Finalizes Moves to Reshape Bank-Supervision Unit
Key Points
Fed’s Bowman Finalizes Moves to Reshape Bank-Supervision Unit Federal Reserve Vice Chair for Supervision Michelle Bowman has completed a shakeup of the agency’s bank-oversight unit as she aims to prioritize what she sees as core financial risks. “The reorganization represents a significant milestone in our effort to refocus supervision on material financial risks and make the Federal Reserve’s oversight of banks more effective, efficient, fair, transparent, and publicly accountable,” Bowman...
Fed’s Bowman Finalizes Moves to Reshape Bank-Supervision Unit
Federal Reserve Vice Chair for Supervision Michelle Bowman has completed a shakeup of the agency’s bank-oversight unit as she aims to prioritize what she sees as core financial risks.
“The reorganization represents a significant milestone in our effort to refocus supervision on material financial risks and make the Federal Reserve’s oversight of banks more effective, efficient, fair, transparent, and publicly accountable,” Bowman wrote to staff in a memo viewed by Bloomberg.