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Events • March 12, 2026 

# Basel III and Bank Capital Rules: A Conversation with Vice Chair for Supervision Michelle W. Bowman 

In June 2025, when stepping into the Federal Reserve Board’s role of vice chair for supervision, Michelle W. Bowman announced a comprehensive review of the bank capital framework. Since that time, she has introduced changes to two of the framework’s four pillars, the supplementary leverage ratio and the stress-testing regime. As a next step in the comprehensive review, the Federal Reserve, together with the other federal bank regulatory agencies, will introduce proposed changes to the risk-based bank capital requirements.

Join Vice Chair for Supervision Bowman at the Cato Institute as she details her comprehensive review and what is next for bank capital requirements and Basel III.

**Lunch to follow.**

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

![Michelle W. Bowman-cropped-circle](/sites/cato.org/files/styles/author_picture/public/2026-03/Michelle%20W.%20Bowman-cropped-circle.jpg?itok=uGaLJBzg) 

##### Michelle W. Bowman 

Vice Chair for Supervision, Federal Reserve Board

[![Norbert Michel Cropped](/sites/cato.org/files/styles/author_picture/public/2025-01/norbert-m-cropped.jpg?itok=8WIx97Dk)](/people/norbert-michel) 

##### [Norbert J. Michel](/people/norbert-michel)

Vice President and Director, Center for Monetary and Financial Alternatives, Cato Institute

[ 

](https://x.com/norbertjmichel)