Bowman: Oversight and Regulatory Affairs

Testimony Before the Committee

Chairman Scott, Ranking Member Warren, and distinguished Committee members, I appreciate the chance to speak with you regarding the Federal Reserve’s oversight and regulatory responsibilities. Today, I will address two main topics: the present condition of the banking industry and the advancements made on my key objectives as Vice Chair for Supervision since my confirmation last year.

My main goals are centered on ensuring our financial system remains robust, secure, and resilient, as well as enhancing the effectiveness and transparency of our regulatory and supervisory practices. It is essential that our oversight continues to promote a stable and reliable financial environment.