Fed Overhaul: Inside the Central Bank’s Push to Repair a Broken Supervisory Culture
In a sweeping effort to modernize its oversight mechanisms and prevent a repeat of the systemic failures that precipitated the collapse of Silicon Valley Bank (SVB), the Federal Reserve is embarking on a significant organizational restructuring. Governor Michelle Bowman recently outlined a plan to consolidate the central bank’s supervisory structure, aiming to dismantle the layers…
