Bowman: Regulators should avoid harming bank viability

Banking regulators should ensure changes to the regulatory framework do not harm the long-term viability of banks, especially midsized and smaller banks, Federal Reserve Governor Michelle Bowman said.

Regulatory Risks: Speaking in Morocco, Bowman said regulatory reform can pose significant financial stability risks, particularly if changes fail to account for incentive effects and potential consequences. She said regulatory actions can depress economic activity by reducing the availability of credit, citing the potential impact of regulators’ Basel III Endgame proposal.

ICBA Advocacy: ICBA has commended regulators for targeting proposed capital and debt requirements to institutions over $100 billion in assets while calling on policymakers to continue to distinguish large banks from community banks.

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ICBA Statement on Today’s CFPB Advisory Opinion
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s guidance from the Consumer Financial Protection Bureau.
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Oct 11, 2023
Credit unions now labeling themselves community banks: Romero Rainey
Community bankers have for years warned of the expansion of credit union powers, but Navy Federal Credit Union’s new “Community Bank” brand indicates credit unions recognize they’ve gone too far, ICBA President and CEO Rebeca Romero Rainey writes in a new LinkedIn post.
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Oct 11, 2023
Fed’s Bowman: Advocacy on CDFI proposal making a difference
Federal Reserve Board Governor Michelle Bowman recognized community banker concerns with proposed changes to the community development financial institution certification application.
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Oct 11, 2023

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