Fed's Michelle Bowman wants to shake up bank supervision
Michelle Bowman, the Federal Reserve's top banking supervisor, just proposed some big changes to how the Fed oversees banks.
After issues like the Silicon Valley Bank collapse, she's pushing for a sharper focus on real financial risks—and cutting out busywork that distracts from spotting problems early.
Why does this matter?
Bowman's plan would tie key rules to economic growth and increase transparency by publishing manuals, clarifying supervisory principles and focusing reports on material financial risks.
But not everyone is sold—Michael Barr, a Fed governor associated with a different supervisory agenda, represents an alternative viewpoint.
For anyone who cares about financial stability (or just wants banks to be safer), these moves could shape how resilient our system is in shaky times.