Federal Reserve Vice Chair Bowman Announces Supervision Revamp and Regulatory Tailoring Updates

Federal Reserve Vice Chair for Supervision Michelle Bowman revealed a restructuring of the Fed's supervision function and hinted at upcoming changes to the regulatory tailoring framework. Bowman indicated a shift in focus for examinations from process-oriented checklists to evaluating material risks that threaten a bank's financial viability. She also highlighted ongoing work on supervision reform and anticipated adjustments to asset thresholds within the regulatory framework.