Fed Plans Overhaul of US Bank Supervision, Says Bowman
The Federal Reserve plans to restructure its supervision of US banks with a new model that will be more accountable to Washington, according to Fed Vice Chair for Supervision Michelle Bowman.
The Federal Reserve plans to overhaul how it supervises US banks, moving to a new model that will be more accountable to Washington, the central bank’s top regulatory official said on Tuesday. Fed Vice Chair for Supervision Michelle Bowman said the new regime will c…