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Republican Fed Governor Bowman calls for 'renewed commitment to tailoring'

( January 9, 2025, 21:55 GMT | Official Statement) -- MLex Summary: US Federal Reserve Governor Michelle Bowman, a Republican who is reportedly a leading candidate for the top regulatory post at the central bank, called for a "renewed commitment to tailoring" of bank regulation. "Tailoring" was the approach taken during the first Trump administration, when regulation of regional banks was scaled back. Three of these firms, including Silicon Valley Bank, collapsed in the Spring of 2023, leading to a tightening of bank supervisory policies under the Biden administration for institutions in this category of $100 billion to $250 billion in assets. The Fed's vice chair for supervision and regulation under Biden, Michael Barr, announced his resignation this week....

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