Fed Eyes New Reporting Rules on Bank Lending to Private Credit

Federal Reserve Vice Chair for Supervision Michelle Bowman says the central bank will introduce new regulatory reporting requirements to provide more transparency into bank lending to private credit and other so-called non-depository financial institutions.

• “The update requires the largest banks to report financial information about NDFIs to which they extend credit, including total assets, net income and leverage that enable an analysis of credit underwriting and ongoing risk assessments,” Bowman says in text of remarks she’s scheduled to deliver Friday at the Hoover Institution’s annual monetary policy conference in Stanford, California
• Bowman says current data reporting relies on industry classification ...