Fed’s Bowman says regulators must tailor regulations for smaller banks
But stress-test reform to relieve smaller banks is credit negative, Moody’s warns
Regulators are duty bound to tailor regulations to suit smaller banks, the Federal Reserve’s newest governor Michelle Bowman said on February 11, in her first speech since joining the central bank.
A former community banker and Kansas State Bank Commissioner, Bowman took up the board position reserved for community bank specialists on November 14.
“Given the straightforward nature of community banking, regulators have an obligation to develop and refine approaches to supervision that fit the
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