"Defining a Bank: Governor Bowman's Speech"

Governor Michelle W. Bowman addressed the ABA's Conference for Community Bankers, emphasizing the importance of defining and treating community banks fairly within the regulatory framework. She highlighted the need for effective prioritization of risks, improved transparency, and predictability in the bank regulatory framework, and emphasized the importance of tailoring regulations to the activities and risks of community banks. Governor Bowman also encouraged stakeholders to provide input during the interagency effort to reduce regulatory burden, stressing the significance of preserving the role of community banks in the banking system.