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Financial Services Forum Congratulates Michelle Bowman on her Confirmation as Fed Vice Chair for Supervision
“Sound banking regulation and supervision are crucial for maintaining a safe and sound financial system.”
Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement today after the Senate confirmed Federal Reserve Governor Michelle Bowman as the Federal Reserve Board’s Vice Chair for Supervision:
“The Forum congratulates Governor Bowman on her confirmation as Vice Chair for Supervision and commends President Trump, Chairman Scott, and the Senate for their action to fill this important position. Sound banking regulation and supervision are crucial for maintaining a safe and robust financial system. As Vice Chair for Supervision, Governor Bowman will be instrumental in shaping policies and practices that affect the ability of banks to support our economy and promote financial stability. America’s leading banks look forward to working with Vice Chair Bowman to advance effective regulatory and supervisory policies that benefit the broader U.S. economy.”
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The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.
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