Reported about 2 months ago
Michelle Bowman, the newly appointed vice chair of supervision at the Federal Reserve, aims to revisit and revise banking regulations established after the 2008 financial crisis to better manage risks and allow lenders to fail without destabilizing the economy. She emphasized that rather than eliminating risk, the focus should be on effective risk management, pointing out the need to adjust capital rules and stress testing processes for banks. Bowman advocates for tailored regulations for smaller banks and a comprehensive review of existing regulatory frameworks to alleviate burdens and enhance supervision.
Source: YAHOO