Federal Reserve Waters Down Plan To Hike Capital Requirements For Big Banks Amid Wall Street Lobbying Efforts
The Federal Reserve Board’s Vice Chair for Supervision, Michael Barr, announced on Tuesday in a speech that the Fed was watering down a proposed regulation hiking the amount of cash large banks must keep on hand amid…
Reporting · 1 source · Jul 1, 2026Read it
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About Michael Barr
Michael Solomon Barr is an American legal scholar who has been serving as a member of the Federal Reserve Board of Governors since 2022. Barr served as second Vice Chair for Supervision of the Federal Reserve from 2022 to 2025. From 2009 to 2011, he was assistant secretary of the treasury for financial institutions under President Barack Obama. At the University of Michigan, he has been serving as faculty member since 2001, professor of law since 2006, professor of public policy since 2014, on leave while serving as governor of the Federal Reserve.
Everything about Michael Barr →- Position held
- United States Assistant Secretary of the Treasury
- Born
- 2000