Fed’s Bowman vows to continue improving regulatory framework for community banks

Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed will continue to prioritize changes to the community bank regulatory and supervisory framework that will allow community banks to continue to thrive.

Details: In her opening remarks at the Community Banking Research Conference in St. Louis, Bowman said the Fed is:

• Refocusing supervisory efforts on core material financial risks.

• Reviewing the CAMELS ratings framework

• Revising the community bank leverage ratio.

• Prioritizing work to assist in the fight against fraud.