Federal Reserve Enhances Transparency in Bank Regulation

According to BlockBeats, the Federal Reserve has released a staff manual aimed at regulating large banks, marking a step towards increased transparency in its efforts to reshape the banking regulatory framework. Michelle Bowman, the Vice Chair for Supervision at the Federal Reserve, stated on Thursday that by enhancing regulatory transparency, the institution is holding itself to higher standards and ensuring that it fulfills its supervisory duties in an appropriate and fair manner.