Fed's Bowman unveils major overhaul of its bank supervision
· americanbanker.com
The Fed is restructuring bank supervision into five regions, following state lines, and putting one regional leader in charge. It's also planning to revise regulatory thresholds so that banks will need to be bigger before tougher standards kick in.
Key insight: Federal Reserve Vice Chair for Supervision Michelle Bowman said that abandoning Federal Reserve districts in favor of five regional hubs will strea...