When autocomplete results are available use up and down arrows to review and enter to select.
The role of the Federal Reserve and other regulators in overseeing banks is not to make credit allocation decisions, but to ensure institutions manage their material risks, Fed Governor Michelle Bowman wrote in a recent essay.
Fed’s Role: In the essay, Bowman said the Fed's role is not to replace a bank's management and board in adopting a banking strategy and risk appetite. Rather, its role is applying targeted regulation and supervision to assess whether banks comply with applicable laws and operate safely and soundly.
Regulatory Balance: “This can be a difficult balance to strike but it is something we must always keep in mind whenever the Federal Reserve uses or proposes using its regulatory or supervisory tools,” Bowman said. “Banking regulation and supervision is not the appropriate method to implement new policies that are not mandated by Congress.”
Previous News
The Commodity Futures Trading Commission said its Global Markets Advisory Committee will meet next month on digital assets and other issues.
ImageFeb 22, 2024
Registration is open for ICBA’s Bank Directors Forums—exclusive sessions tailored for busy directors. Offered quarterly via livestream, these half-day sessions offer insights and tools to navigate the highly regulated financial services industry, with savings for those who register for all four. Register here.
ImageFeb 22, 2024
The Independent Community Bankers of America® (ICBA) announced three-year agreements with Fiserv, TrueNorth, Wipfli, and Ncontracts to sponsor ICBA’s acclaimed ThinkTECH Accelerator and other innovation programming.
Image
Feb 21, 2024
Related News Taxonomy
