The Cato Institute welcomed Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman for a conversation on her comprehensive review of the bank capital framework and Basel III. She shared that “These changes to the capital framework eliminate overlapping requirements, right-size calibrations to match actual risk, and comprehensively address long-standing gaps in our prudential framework. The result is more efficient regulation and banks that are better positioned to support economic growth, while preserving safety and soundness.”