Fed’s Bowman Decries ‘Antiquated’ Analysis Blocking Rural Bank Mergers

Source excerpt · PYMNTS

There is more work to be done in modernizing the bank regulatory and supervision framework, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (Oct. 6). In a speech delivered at the Community Banking Research Conference in St. Louis, Missouri, Bowman said that over the past two years the Fed has acted to support community banks by refocusing its supervision on risks […] The…