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News
Fed plans major cuts to bank supervision workforce
The Federal Reserve will cut nearly a third of its supervision and regulation staff by 2026, reducing the unit to about 350 employees. Vice Chair for Supervision Michelle Bowman said the move aims to streamline oversight and focus on material risks rather than minor compliance issues. Critics, including Senator Elizabeth Warren, warn the cuts could weaken financial stability and repeat pre-2008 regulatory mistakes.
Nov 11, 2025
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Industry News
Regulation and Compliance
Operational and Non Financial Risk
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Federal Reserve to cut supervision workforce by 30% by 2026
Division to shrink from 500 to 350 employees through attrition and buyouts
Vice Chair Michelle Bowman aims to flatten hierarchy and focus on material risks
FDIC exploring similar focus on high-impact issues
Senator Elizabeth Warren warns cuts could weaken financial stability
Treasury Secretary Scott Bessent calls Fed “bloated” and overreaching
Part of Fed’s broader 10% workforce reduction plan
Jerome Powell targets 24,000 total employees across the system
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