page contents

Fed's Bowman says she aims not to burden small U.S. banks unduly

SAN DIEGO (Reuters) – The Federal Reserve is tailoring its regulations and guidelines so that smaller banks are not subject to the same level of scrutiny and paperwork as the biggest banks, Fed Governor Michelle Bowman said on Monday.

“I would emphasize how crucial it is to balance effective regulation and supervision to ensure the safety and soundness of community banks while also ensuring that undue burden does not constrain the capacity of these institutions to support the communities they serve,” Bowman said in remarks prepared for delivery to an American Bankers Association conference in San Diego.

Bowman, a former Kansas State banking regulator who was ap…
Banking Industry News

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.