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Point of View
The Banking Tent Expands
Banking is one of the most heavily regulated industries there is. And for that reason, regulation shapes what the world can expect from banking. For the past year, many bankers have been thrilled to see the regulatory environment move in their favor after years of new rules and a flurry of enforcement actions. “The day-to-day harassment” has ended, said one analyst at Bank Director’s Acquire or Be Acquired Conference in February. One speaker at the conference characterized Michelle Bowman, the Federal Reserve vice chair for supervision and a former community banker herself, as “very, very good.” Unfortunately, while the regulatory…
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