Michelle W Bowman: Independence, predictability, and tailoring in banking regulation and supervision Remarks by Ms Michelle W Bowman, Member of the Board of Governors of the Federal Reserve System, at the American Bankers Association Community Banking Conference, Orlando, Florida, 13 February 2023. *** I would like to thank the American Bankers Association for the invitation to speak to you today.
Roughly three-quarters of banks’ issuance was offshore, mainly in US dollars and euros. Banks have slowed down their issuance of covered bonds now that their covered bond programs are maturing, having only been able to issue under them since late 2011 (Graph 5).