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Forum Welcomes Nomination for Fed Vice Chair for Supervision
“Banking regulation and supervision play critical roles in ensuring a safe and sound financial system.”
Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement today after President Trump announced his nomination of Federal Reserve Governor Michelle Bowman to serve as the Federal Reserve Board’s Vice Chair for Supervision:
“The Forum congratulates Governor Bowman on her nomination and commends President Trump for his action to fill this position. Banking regulation and supervision play critical roles in ensuring a safe and sound financial system. The Vice Chair for Supervision focuses on the policies and practices which affect the ability of banks to serve our economy and contribute to financial stability. America’s leading banks—the strongest and most diversified financial institutions based in the United States—look forward to working with the next Vice Chair for Supervision to implement sound regulation and effective supervision that promotes economic growth.”
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.
Visit our website: fsforum.com