Bowman, Opening Remarks
Why this matters
This is an opening remarks speech by Federal Reserve Vice Chair for Supervision at a Community Bank Cyber Workshop. The content addresses evolving cyber threats (ransomware, business email compromise, AI-enabled attacks), establishes expectations for cyber hygiene and defense strategies, and references the FSB's Sound Practices for Responsible Adoption of AI. While not a binding rule or final guidance document, it represents authoritative regulatory signaling on supervisory expectations for operational resilience and technology risk management in community banks. The speech is informational in nature (urgency: null) but carries noteworthy policy signals warranting a significance score of 3.
AI-generated classification rationale, not a full analysis. Verify with the original Federal Reserve source before acting. Full disclaimer.
What the Federal Reserve said
Speech At the Community Bank Cyber Workshop, Denver, Colorado (via pre-recorded video)
Published by Federal Reserve . Read the full notice at the source for the authoritative text.
Context
Board of Governors of the Federal Reserve System (Federal Reserve) — The US central bank and supervisor of bank holding companies and state member banks. We track 92 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Technology & Cyber, Operational Resilience / Outsourcing and Banking & Credit.