On June 6, 2025, the Federal Reserve's new Vice Chair for Supervision, Michael Bowman, outlined an ambitious plan to overhaul U.S. bank regulation. Bowman emphasized revisiting and easing numerous bank rules and oversight policies that she described as onerous and unnecessary, with the goal of making U.S. lenders "safe to fail." The proposal is expected to include revisions to capital regulations and other supervisory frameworks, with details to be announced soon. Industry experts, including Stephen Gannon from DWT Law, have contributed insights on bank supervision amid these developments. Policymakers and academics have highlighted the complexity of the current regulatory environment, noting that the multitude of banks, regulators, and regulatory objectives has created a fragmented oversight system. Economist Willem Buiter has argued that this disjointed network increases the risk of regulatory capture and called for radical structural reform to streamline U.S. financial oversight. The Federal Reserve's initiative marks a significant shift toward easing regulatory burdens on banks while addressing concerns about the effectiveness and efficiency of the current supervisory framework.