Fed Governor Michelle Bowman emphasized the need for efficient and timely regulatory review processes for bank mergers and de novo formations at a future of banking workshop due to bank failures driving reforms.
Federal Reserve Board Gov. Michelle Bowman highlighted the need for fair, efficient, and timely regulatory review processes for bank mergers and de novo formations, stating that bank failures continue to drive regulatory and supervisory reforms. Bowman addressed the workshop on the future of banking at the Federal Reserve Bank of Kansas City, emphasizing banks' increased focus on risk management and lending with a more conservative approach.
April 02, 2024
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