Fed Vice Chair of Supervision Bowman says it is too early to say what the Iran war means for the Fed
Importance
Level 1
- Is working to modernize banking oversight.
- Wanted to make sure regulation overhaul is attentive to US banks needs.
- Hopes bank rule changes will pull more activity back into the banking sector.
- Will continue to tailor regulations to bank profiles.
- New bank rule proposals have broad support.
- Pre-covid banking system had the right amount of capital.
- Fed looks at private credit very closely.
- Will watch leverage in AI space.
- Allowing more competition in the mortgage market.
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