The Federal Reserve releases a supervision manual for large banks to enhance regulatory transparency
BlockBeats News, December 18, according to Bloomberg, the Federal Reserve has released a staff manual for the supervision of large banks, which is an initiative by the institution to enhance transparency as it reshapes the banking regulatory system.
Michelle Bowman, Vice Chair for Supervision at the Federal Reserve, stated in a statement on Thursday: "By strengthening regulatory transparency, we are holding ourselves to a higher standard and ensuring that we fulfill our supervisory responsibilities in an appropriate and fair manner."
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