Federal Reserve Vice Chair Bowman Discusses Modernizing Bank Regulatory and Supervisory Framework

Ms. Michelle W. Bowman, Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, delivered a speech on October 13, 2026, discussing ongoing efforts to modernize the bank regulatory and supervisory framework. Speaking at the 2026 Community Banking Research Conference, Bowman highlighted the importance of these frameworks for the long-term stability and success of the banking system, particularly for community banks. She noted progress in refocusing supervision on risks that could lead to material financial harm, improving coordination with other banking agencies, and simplifying the capital framework for community banks.