{"id":1666620,"date":"2022-09-30T11:56:14","date_gmt":"2022-09-30T15:56:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1666620"},"modified":"2022-09-30T11:56:22","modified_gmt":"2022-09-30T15:56:22","slug":"feds-bowman-suggests-averaging-bank-stress-test-results-to-smooth-out-capital-requirements","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/feds-bowman-suggests-averaging-bank-stress-test-results-to-smooth-out-capital-requirements\/","title":{"rendered":"Fed\u2019s Bowman suggests averaging bank stress test results to smooth out capital requirements"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffeds-bowman-suggests-averaging-bank-stress-test-results-to-smooth-out-capital-requirements%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1666620&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Pete Schroeder<\/p>\n<p>WASHINGTON (Reuters) \u2013     Federal Reserve Governor Michelle Bowman said Friday that averaging bank stress test results over several years could reduce volatility in bank capital requirements, as part of a broader speech defending a lighter regulatory approach to the industry.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Bowman, a Republican, argued that any efforts to further adjust rules for banks must be deliberate and not reflexively tougher, and suggested she could serve as a counterweight to Fed Vice Chair for Supervision Michael Barr, a Democrat recently sworn in as the Fed\u2019s top regulatory official.<\/p>\n<p>\u201cCalibrating capital requirements is not a zero-sum game, where more capital is necessarily always better. Regulation is not cost-free,\u201d Bowman said at an industry conference, according to prepared remarks. <\/p>\n<p>Barr said in a speech earlier this month the Fed was conducting a \u201cholistic\u201d review of bank capital requirements, and was considering imposing tougher rules on large regional firms.<\/p>\n<p>While Barr is driving the Fed\u2019s regulatory agenda, the Fed historically has preferred to operate by consensus, suggesting Bowman could have a voice in any policy changes.<\/p>\n<p>She defended the rule simplification that occurred under Barr\u2019s predecessor, Randal Quarles, arguing strong bank performance during the pandemic proved firms were sufficiently robust.<\/p>\n<p>\u201cThat record of success is a testament to the progress we have made to date and argues for the same incremental approach to ongoing refinements in supervision and regulation,\u201d she said.<\/p>\n<p>Bowman cautioned against any overhaul of bank merger policy that assumes \u201cincreased bank size is inherently problematic.\u201d She also suggested banks could play a \u201cstabilizing role\u201d as intermediaries for clients interested in cryptocurrency and other digital assets.<\/p>\n<p> (Reporting by Pete Schroeder; Editing by Chizu Nomiyama)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/feds-bowman-suggests-averaging\/attachment\/federal-reserve-governor-michelle-bowman-gives-her-first-public-remarks-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8T0W4-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8T0W4-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Pete Schroeder WASHINGTON (Reuters) \u2013 Federal Reserve Governor Michelle Bowman said Friday that averaging bank stress test results over several years could reduce volatility in bank capital requirements, as<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1666620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1666620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1666620"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1666620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1666620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1666620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1666620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}