Federal Reserve Vice Chair for Supervision Michelle Bowman.
Bloomberg News
Newly minted Federal Reserve Vice Chair for Supervision Michelle Bowman is aiming to do something that escaped both her predecessors: finalize the U.S. implementation of the so-called Basel III framework.
In her first speech since being confirmed to the central bank’s top regulatory role, Bowman outlined an approach to capital reform that lawyers and academics say could enable her to succeed where others fell short.
In particular, Bowman’s announcement that the Fed will host a conference next month to discuss the various components of its capital framework has been greeted as a sign of a more collaborative and deliberative approach than the one taken by regulators under the Biden administration.
