Federal Reserve Vice Chair for Supervision Michelle Bowman said the agency is restructuring its supervisory functions.
Details: Speaking at the Community Banking Research Conference in St. Louis, Bowman said:
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The Fed is realigning the supervisory structure into five regions, each led by a regional leader.
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By following state lines rather than Reserve Bank District boundaries, the agency can coordinate more effectively and efficiently with its state and federal regulatory partners.
Regulatory Focus: Bowman also said the Fed continues working to ease the regulatory burden on community banks by lowering the Community Bank Leverage Ratio, adjusting asset thresholds, addressing competition standards in mergers and acquisitions, supporting de novo bank formation, and streamlining the call report.