Federal Reserve nominee pledges to work for tailored approach to banking supervision

Nominee to be Federal Reserve Vice Chairman for Supervision Michelle Bowman says in prepared testimony at a confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee that regulations must be approached pragmatically to ensure efficiency and effectiveness by identifying problems targeted by regulation, considering costs, benefits, incentive effects, market impacts, and potential unintended consequences, while continuing to rely on a tailored approach especially for community and regional banks.
Nominee to be Federal Reserve Vice Chairman for Supervision Michelle Bowman says in prepared testimony at a confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee that regulations must be approached pragmatically to ensure efficiency and effectiveness by identifying problems targeted by regulation, considering costs, benefits, incentive effects, market impacts, and potential unintended consequences, while continuing to rely on a tailored approach especially for community and regional banks.
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Editorial use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office and may not be used to distort the objects and purposes of the hearing or to discredit or dishonour any member of the House or bring the House or any Member into disrepute. Contact your local office for all commercial or promotional uses.
Credit:
FedNet / Getty Images
Editorial #:
2210757166
Collection:
FedNet
Date created:
10 April, 2025
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Licence type:
Rights-ready
Release info:
Not released. More information
Clip length:
00:01:14:11
Location:
Washington, DC, United States
Mastered to:
MPEG-4 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
sba041025e