By Neil Roland ( May 14, 2026, 20:04 GMT | Insight) -- The US Federal Reserve has been changing its bank supervision to flag significant deficiencies rather than mere procedural violations, said Michelle Bowman, the Fed’s vice chair for supervision. The new approach, she said, establishes a clear standard for Matters Requiring Attention (MRAs) and Matters Requiring Immediate Attention (MRIAs) to address shortcomings that could lead to a material impact on a bank's financial condition. “Traditional supervisory approaches often ask, 'Why should we allow this?’ rather than 'Why shouldn't we?'" she said.The US Federal Reserve has been changing its bank supervision to flag significant deficiencies rather than mere procedural violations, said Michelle Bowman, the Fed’s vice chair for supervision....
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