Jeremy Kress

I read Bowman's speech to mean that the biggest winners will be the "DSIBs" - super-regionals with $250B+ assets. She suggests they will see more than a "modest" decrease in capital requirements. That's an odd policy to roll out on the 3rd anniversary of SVB's failure...

Federal Reserve

Speech by Vice Chair for Supervision Bowman on Basel III and bank capital rules @cato.org: www.federalreserve.gov/newsevents/s... Watch live: www.cato.org/events/basel... Learn more about Vice Chair for Supervision Bowman: www.federalreserve.gov/aboutthefed/...