Modernizing Financial Regulation: A Future-Oriented Perspective
Michelle W. Bowman addressed the necessity of modernizing financial regulatory practices to tackle global and technological challenges in her BPI speech, suggesting adaptations that account for systemic risks as well as financial innovations.
In a speech delivered at the Bank Policy Institute (BPI) London Conference on July 13, 2026, Michelle W. Bowman, Senior Vice Chair for Supervision of the Federal Reserve System, laid out a modern perspective on financial regulation. Central to her argument was that ongoing economic shifts necessitate new approaches to ensure financial stability and sustainability. Bowman highlighted the importance of adapting regulatory practices to technological advancements such as fintech growth and blockchain, alongside an increased global economic volatility. She also emphasized the need for more effective supervision in emerging markets where systemic risks can materialize quickly. In her analysis, Bowman advocated that modernizing regulations should consider both macroeconomic and microeconomic aspects, promoting a balance between technological progress and financial stability.
Source: BIS Central Bankers Speeches