Federal Reserve Board Governor Michelle W. Bowman criticized several recent banking proposals, calling on regulators to “appropriately calibrate and prioritize their supervisory and regulatory actions.”
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Federal Reserve Board Governor Michelle W. Bowman criticized proposed new capital requirements for banks with more than $100 billion in assets, arguing that the increases were not supported by facts and analysis and could lead to reduced credit availability and increased cost of credit.
The OCC, the FDIC and the Federal Reserve Board finalized guidance for senior management of large banks on managing exposures to climate-related financial risks.
The Federal Reserve Board published details on how it plans to conduct its "Pilot Climate Scenario Analysis" exercise and the information it hopes to gather.
Comments on the Federal Reserve Board's draft "Principles for Climate-Related Financial Risk Management for Large Financial Institutions" are due by February 6, 2023.