Fed's Bowman Promises Overhaul of Bank Supervision and Digital Asset Support
TL;DR Summary
Federal Reserve Vice Chair Bowman outlined a pragmatic approach to banking supervision and regulation, emphasizing tailored oversight, risk-focused supervision, reform of capital frameworks, transparency in application processes, and workforce development to ensure a safe, sound, and innovative banking system.
- Speech by Governor Bowman on a fresh look at supervision and regulation Federal Reserve Board (.gov)
- Fed’s Bowman Says Big Banks’ Secret Ratings Will Be Addressed Bloomberg
- Fed's Bowman lays out ambitious agenda to overhaul and ease bank oversight CNBC
- Fed's Bowman confirmed by Senate to central bank's top regulatory post Reuters
- Lummis: Fed confirmation signals ’brighter future for digital assets’ Cointelegraph
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