Senate Banking Committee Member Thom Tillis (R-NC) joined by Republican committee members requested that the Federal Reserve Board publicly release materials pertaining to its "holistic review" of capital requirements and other supporting documentation ahead of any policy changes.
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The Board of Governors of the Federal Reserve System Vice Chair for Supervision Randal Quarles advocated for a more tailored approach to supervising banks.
Board of Governors of the Federal Reserve System Chair Janet L. Yellen asserted that post-crisis regulatory reforms have been largely successful and warned against significant changes.
Federal Reserve Board Governor Jerome Powell, Acting Comptroller of the Currency Keith A. Noreika, and FDIC Chair Martin Gruenberg testified at a hearing on "Regulation and Economic Growth" held by the Senate Committee on Banking, Housing, and Urban Affairs.