Fed’s Bowman defends regulatory ‘tailoring’

Governor calls for independent review of SVB collapse, dismissing Barr report

Michelle Bowman
Michelle Bowman
Federal Reserve

Federal Reserve Board member Michelle Bowman has challenged calls for the reversal of regulatory “tailoring” for mid-sized banks. In a May 12 speech, Bowman also contested the findings of Michael Barr’s report into the failure of Silicon Valley Bank.

Speaking at a symposium hosted by the European Central Bank, Bowman defended the Fed’s 2019 adoption of less stringent regulations for banks with fewer than $250 billion in assets.

A 2018 law, the Economic Growth, Regulatory Relief, and Consumer

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