The Federal Reserve is reorganizing bank supervision into five regions, each with a leader responsible for supervisory activity. Michelle Bowman said examiners would stay in their existing locations and continue overseeing the same banks. The plan seeks clearer accountability and coordination with other regulators. Her announcement followed an independent review of Silicon Valley Bank’s failure and also addressed fixed regulatory asset thresholds.
The Federal Reserve, the US central bank, has begun reorganizing bank supervision into five regions. Michelle W. Bowman, its vice chair for supervision, announced the move at the Community Banking Research Conference in St. Louis. Each region is to have a leader accountable for supervisory activity. The announcement followed an independent review of Silicon Valley Bank’s collapse.[1], [2]
Bowman said examiners would remain in their existing Reserve Bank locations and continue supervising the same banks. The regional structure is to use existing Reserve Bank footprints while aligning boundaries with state lines. She said the aims included easier coordination with state and federal regulators and a clearer connection between authority and accountability.[1]
Bowman referred to Starling Advisory Group’s preliminary review of Silicon Valley Bank’s failure, released the previous month. She argued that the current arrangement gave the vice chair execution responsibility while Reserve Banks carried out supervision, and that numerous committees had delayed decisions and obscured accountability. Those were Bowman’s assessments of the structure. The announced regional leaders are intended to be responsible for all supervisory activity within their regions.[1]
