Federal Reserve Board member Michelle Bowman has challenged requires the reversal of regulatory “tailoring” for mid-sized banks. In a Might 12 speech, Bowman additionally contested the findings of Michael Barr’s report into the failure of Silicon Valley Financial institution.
Talking at a symposium hosted by the European Central Financial institution, Bowman defended the Fed’s 2019 adoption of much less stringent rules for banks with fewer than $250 billion in property.
A 2018 regulation, the Financial Development, Regulatory Aid, and Shopper
