Federal Reserve Vice Chair for Supervision Michelle Bowman has completed a
reorganization of the Fed’s bank supervision function to concentrate resources
on what she describes as key financial risks, Bowman said in a memo to staff.
The restructuring, effective July 12, reallocates personnel and resources into
four functional groups—Supervision; Financial Research, Risk & Applications;
Regulation & Policy; and Business Enablement—and the division will begin
recruiting leaders and staff.
