Speaking before an influential gathering of financial leaders and policymakers in London on Friday, Federal Reserve Vice Chair for Supervision Michelle Bowman delivered a comprehensive address that bridged the central bank’s ongoing regulatory evolution with the stark lessons of past financial crises. Her remarks offered a rare, dual-focus perspective, simultaneously unveiling prospective overhauls to the nation’s bank stress-testing frameworks and dissecting the institutional missteps that precipitated the spectacular collapse of Silicon Valley Bank (SVB) in the spring of 2023....
