Trump taps Bowman to become Fed’s vice-chair for supervision
Designated chief regulator has opposed Basel III endgame and pushed for lighter capital rules
US president Donald Trump on March 17 nominated Michelle Bowman to become the new vice-chair for supervision at the Federal Reserve.
Bowman, a current member of the Fed’s board of governors, would replace Michael Barr, who resigned as supervision vice-chair earlier this year. She expressed her gratitude in a statement regarding the nomination.
“If confirmed, I will promote a safe and sound banking system through a pragmatic approach to supervision and regulation with a transparent and tailored
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