Regulators must stop drafting overbearing rules that stifle banks, a top Fed official has said.
Federal Reserve board governor member Michelle Bowman spoke about the lessons of Silicon Valley Bank’s failure for policymakers.
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IMF/World Bank spring meetingsApril 18
Stop using SVB failure to beat up banks, says Fed official
Bank regulators need to think hard about consolidation rules post-SVB, says Michelle Bowman
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Michelle Bowman, member of the US Federal Reserve board of governors (Image: Zach Gibson/Bloomberg)
Michael Klimes is the investment banking and capital markets editor at The Banker. He joined the publication from Money Marketing where he was acting editor. He wrote about pensions for nine years on the retail and institutional side. He won B2B pensions journalist of the year at the Headline Money Awards 2022.
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