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Fed makes commitment to risk-based banking regulation

Michelle Bowman Fed
The Fed’s Michelle Bowman. Photo: Anna Moneymaker/Getty Images

Michelle Bowman discusses the Fed’s progress on bank regulation, emphasizing the need for inclusion of credit unions and nonbank lenders.

In a recent speech titled Modernizing the Regulatory and Supervisory Landscape, Michelle Bowman, vice chair for supervision at the Federal Reserve, spoke of meaningful progress in the past year, but said much work remains to be done. She reiterated the Fed’s commitment to “risk-focused regulation and supervision, and a

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