Federal Reserve Vice Chair Bowman Outlines Efforts to Modernize Banking Regulatory and Supervisory Framework

Michelle W. Bowman, Vice Chair for Supervision of the Federal Reserve System, delivered a speech on October 13, 2026, discussing ongoing work to modernize the bank regulatory and supervision framework. Bowman highlighted efforts to refocus supervision on risks that could lead to a material deterioration in a firm's financial condition, improve coordination with federal and state banking agencies, and update asset thresholds for community banks. These initiatives aim to strengthen the banking system and support community banks across the country.