Why bank stocks care that Michael Barr is stepping down as top Fed banking cop
Michael Barr, vice chair for supervision for the Federal Reserve and the leader of the U.S. effort behind the so-called Basel III endgame proposal to lift capital requirements for banks, said he would step down by Feb. 28, or sooner if a successor is named.
U.S. Fed’s Michael Barr to Step Down as Vice Chair for Supervision
Michael Barr, the U.S. Federal Reserve’s vice chair for supervision, will step down from his position on Feb. 28 — or earlier, if a successor is confirmed — according to a Monday announcement from the Federal Reserve. Barr will continue to serve as a member of the Federal Reserve Board of Governors.
In a speech Thursday, Federal Reserve Gov. Michelle Bowman appeared to preview her approach if she’s the incoming president’s pick as vice chair for supervision, calling for more “discipline” with ...
Trump-picked leaders at the FDIC and OCC along with a new supervisory point person at the Fed may lead to softer crypto ...
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