Fed's Bowman Advocates Embracing Innovation and Crypto in Banking
TL;DR
Vice Chair Bowman discusses the importance of embracing technological innovation like blockchain and AI within the banking system, emphasizing a balanced, tailored regulatory approach that fosters innovation while managing risks, and highlights recent efforts to update supervisory frameworks and reduce reputational risk concerns to support the future of digital assets and financial technology.
- Speech by Vice Chair for Supervision Bowman on embracing innovation Federal Reserve Board (.gov)
- Fed's Bowman suggests allowing central bank staff to own small amounts of crypto products Yahoo Finance
- Bowman Says ‘Change Is Coming’ to How Fed Views AI and Crypto Bloomberg.com
- Fed's Bowman: Banks, regulators must embrace emerging tech American Banker
- Michelle Bowman backs 'de minimus' crypto holdings for Fed staff Seeking Alpha
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