Federal Reserve Board Governor Michelle W. Bowman outlined her perspective on supervision and regulation of the banking industry and highlighted the costs of over-regulation.
The Federal Reserve Board, FDIC and OCC said they will continue to work towards aligning capital requirements for banks with the final set of "Basel III" standards.
Recently sworn in Federal Reserve Board Vice Chair for Supervision Michael S. Barr highlighted the need to "build" and not just "maintain" safe and fair financial markets.
Federal banking agencies provided information and guidance on the use of the two-quarter grace period under the optional community bank leverage ratio framework once temporary relief measures expire on December 31, 2021.
The Federal Reserve Board provided notice of the 2021 aggregate global indicator amounts, which went into effect December 17, 2021.