Statement of CSBS President and CEO Brandon Milhorn following Federal Reserve Vice Chair for Supervision Michelle Bowman Remarks at the Community Banking Research Conference

“We look forward to working with the Federal Reserve as it implements a regional supervision structure. Vice Chair for Supervision Bowman understands the critical partnership between the Federal Reserve and state supervisors. Working together, we can continue to build on this partnership and ensure a consistent, stable, and durable supervisory environment for banks.”

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The Conference of State Bank Supervisors (CSBS) is the national organization of financial regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico, and U.S. Virgin Islands. State regulators supervise 79% of all U.S. banks and a variety of non-depository financial services. CSBS, on behalf of state regulators, also operates the Nationwide Multistate Licensing System to license and register non-depository financial service providers in the mortgage, money services businesses, consumer finance, and debt industries.