Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.

“I would like to express my thanks to President [Donald] Trump for nominating me as the vice chair for supervision. I am grateful for the continued faith and confidence he has placed in me to fulfill this vital role,” Bowman said in a press release Monday.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...