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Role as of 11 Oct 2026

Michelle W. Bowman

Vice Chair for Supervision, Federal Reserve Board

Finance & banking

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Current capital rules create a perverse incentive—ironically, banks receive a more favorable treatment for lending to private credit funds than for lending directly to creditworthy corporations.

Michelle W. BowmanVice Chair for Supervision, Federal Reserve BoardFederal Reserve speech: When Regulation Reshapes Markets: The Migration of Corporate Lending, 8 May 2026Report a problem

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