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US senator urges Fed to withdraw proposal to weaken big bank supervisory ratings framework

( September 24, 2025, 19:10 GMT | Official Statement) -- MLex Summary: US Senator Elizabeth Warren wrote to Federal Reserve Board Vice Chair for Supervision Michelle Bowman calling for the Fed to withdraw its proposal to weaken the big bank supervisory ratings framework, which determines whether a bank is “well managed.” “The proposal would undermine supervisory ratings and ease the Fed’s enforcement posture towards big banks with supervisory deficiencies,” Warren wrote. “Banks with managerial weaknesses would be permitted to engage in riskier activities and supervisory deficiencies would be allowed to fester, increasing the likelihood of big bank failures.”Statement follows in full. Also see attached file....

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