For release on delivery 3:00 p.m. EST December 1, 2022  Why Bank Capital Matters  Remarks by Michael S. Barr Vice Chair for Supervision Board of Governors of the Federal Reserve System at American Enterprise Institute  Washington, DC  December 1, 2022  In my first speech as Vice Chair for Supervision in September, I said that the Federal Reserve Board would soon engage in a holistic review of capital standards.
It is essential, therefore, that banks, bearing this risk in mind, fully discharge their obligations of transparency and correctness in the issuance, placement and trading of these securities with retail clients. The authorities will monitor compliance with the rules.