Reported 1 day ago
Following the unexpected resignation of Federal Reserve vice chair Michael Barr, analysts are pointing to Michelle Bowman as the likely successor for the top banking regulation role. As a conservative Fed governor, Bowman opposes some of Barr’s regulatory proposals and aims to tailor capital requirements based on the size and risk of banks. Her potential appointment could steer the regulation of major banks in a new direction, amidst ongoing debates over banking capital rules.
Source: YAHOO