Federal Reserve Governor Michelle Bowman calls for a better regulatory fit for community banks based on their size and business scope, saying they do not need the same rules as larger institutions https://t.co/EAFVsMlfBn
Fed's Bowman called for a better regulatory fit for community banks - Sources
Fed Governor Bowman called for a better regulatory fit for community banks
Federal Reserve Governor Michelle Bowman has emphasized the need for more tailored regulations for community banks, arguing that these institutions should not be subject to the same rules as larger banks. In her remarks, Bowman highlighted the importance of creating a regulatory framework that aligns with the size and business scope of community banks. Additionally, Michael Barr, the Fed’s top bank watchdog, stressed the necessity for agency supervisors to engage early with lenders to better understand the benefits and risks associated with new technologies. These comments reflect ongoing discussions within the Federal Reserve regarding the regulatory landscape for smaller banking institutions.
