We should be careful and intentional about any significant changes to the regulatory framework, including imposing new requirements that will materially increase funding costs like higher capital requirements.
Michelle Bowman: “We should be careful and intentional about any significant changes to the regulatory framework, including imposing new…”
Editor's note · Context
Bowman emphasizes caution in changing regulatory frameworks to avoid increasing costs.
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The proposal will help to build resilience in U.S. Treasury markets, reducing the likelihood of market dysfunction and the need for the Federal Reserve to intervene in a future stress event.