他虽承认私人信贷市场的扩张可能伴生一定过度行为，但表示目前尚未观察到足以引发宏观层面担忧的 系统性风险。与此同时，尽管近期就业数据表现稳健，米兰对劳动力市场前景仍持谨慎态度，认为现阶 段做出全面乐观的判断尚为时过早。这一立场进一步强化了其"尽早降息以对冲潜在风险"的政策倾向。 通胀压力疲弱支撑降息立场 这并非米兰首次呼吁大幅降息。早在2月3日，他便表示经济中缺乏强劲的价格压力，认为当前利率水 平"过高且具有限制性"。 米兰彼时称： 美联储理事斯蒂芬·米兰（Stephen Miran）周四重申，尽管劳动力市场有所改善，他仍预计2026年需降 息整整一个百分点（即100个基点），并倾向于尽早行动。 米兰在接受福克斯商业网络电视台采访时表示： "我认为四次降息是合适的，而且我宁愿尽早实施，而不是拖延。" 米兰指出，当前货币政策框架面临的结构性挑战之一是银行监管过度。他认为，过高的合规成本抑制了 银行的信贷创造能力，导致信贷活动从传统银行体系向非银行机构转移。他称： "我们对银行的监管过度了，从监管角度来看，这使得银行向经济放贷的成本过高，结果导 致了私人信贷的激增。" 去年底，米兰曾在美联储实施25个基点降息时投下 ...

美联储官员米兰：银行监管过度，这损害了信贷创造，米兰大力支持鲍曼的议程。 来源：滚动播报 ...

格隆汇2月26日｜美联储理事鲍曼表示，尽管银行体系依然稳固，但重要的是必须赋予传统贷款机构"有 效竞争"的工具和灵活性。鲍曼在为参议院银行委员会听证会准备的发言稿中提到："非银行金融机构在 总贷款市场中的份额持续增长，这给受监管的银行带来了强有力的竞争，而这些机构却无需面临同样的 资本、流动性以及其他审慎标准。"特朗普时代的监管机构近期放宽了危机后的相关规则，此前银行界 抱怨称，在私人信贷行业快速增长的背景下，过度的监管使他们被边缘化。 ...

钛媒体App 2月12日消息，随着美联储副主席鲍曼持续放宽央行对美国金融机构的监管，美联储已向各 大贷款机构发出信号，计划放弃此前为要求其改进业务而发出的一些机密警告。知情人士透露，美联储 监管部门本月早些时候告知全国各地的银行，审查人员将开始对现有的警告（即要求修复缺陷的私人指 令）进行复核。如果这些警告不符合美联储最近的指令（即要求审查人员更多关注银行财务健康的即时 风险，减少对流程和程序的干预），则将被取消。各公司的猎头和高管将有机会参与制定解决剩余警告 的计划。美联储此次针对的是所谓的"需关注事项（MRA）"和"需立即关注事项（MRIA）"。（第一财 经） ...

来源：滚动播报 美联储将重新评估向部分银行发出的监管警示。 ...

Core Viewpoint - The Swiss government's proposals to strengthen capital rules for UBS are deemed proportionate by Stefan Walter, CEO of Swiss financial market supervisor FINMA, indicating a balanced approach to regulation in Switzerland [1] Group 1 - The proposed capital rules aim to enhance the stability and resilience of UBS, reflecting a proactive regulatory stance [1] - FINMA emphasizes that the regulation in Switzerland is not overly burdensome, suggesting a focus on maintaining competitiveness while ensuring financial safety [1]

Core Insights - The central bank's vice chair for supervision, Michelle Bowman, is implementing significant staff reductions and regulatory changes, which are contributing to increased tension within the Federal Reserve [1] Group 1 - Michelle Bowman is slashing staff at the Federal Reserve, indicating a shift in operational strategy [1] - Changes in rules are being introduced alongside staff reductions, suggesting a comprehensive overhaul of existing practices [1] - The actions taken by Bowman are adding to the existing tension within the Federal Reserve, highlighting potential internal conflicts [1]

Core Viewpoint - The banking sector is facing intensified regulatory scrutiny in 2026, with multiple banks receiving fines for various violations, reflecting a shift towards more precise and severe penalties aimed at addressing systemic risks [2][3][13]. Regulatory Environment - In early 2026, several banks have already been penalized, indicating a continuation of strict regulatory measures from 2025 [1][4]. - The regulatory actions cover a range of issues, including inadequate loan management and insufficient internal controls [2][7]. Penalty Statistics - In 2025, a total of 6,565 fines were issued to banks, with over 1,000 banks penalized, marking an increase in the number of institutions facing penalties [9][10]. - The total amount of fines in 2025 reached 2.647 billion, a significant increase of 45.28% compared to the previous year, driven by a rise in the number of large fines exceeding one million [10][12]. Specific Cases - Guiyang Bank faced multiple fines in 2025, totaling 19, with the largest fine being 600,000 for inadequate loan management practices [6][7]. - The penalties imposed on Guiyang Bank included fines of 200,000 for two branches due to imprudent loan management, with responsible personnel receiving warnings [5][6]. Trends in Penalties - The trend of issuing large fines is expected to continue, with predictions indicating that the number of fines may remain stable while the amounts could increase, particularly for medium-sized banks [13]. - The focus of regulatory scrutiny is shifting towards high-risk areas, including compliance in financial technology and consumer protection [13]. Employee Accountability - The "double penalty system" has been implemented, linking compliance responsibilities directly to specific individuals, resulting in lifetime bans for over 100 bank employees in 2025 [3][8][12].

Core Viewpoint - The case involves a bank wealth manager, Wang, who manipulated customer accounts leading to significant financial losses for clients, culminating in her suicide and that of her husband, raising questions about bank oversight and customer protection [3][9][10]. Group 1: Incident Overview - Wang, a wealth manager at a state-owned bank, was found dead in April 2023, with subsequent investigations revealing that she had misappropriated over 30 million yuan from clients since 2017 [3][8]. - Following Wang's death, her husband, Meng, also committed suicide, leaving behind two young daughters [3][10]. - The police closed the case due to the suspects' deaths, prompting victims to pursue civil lawsuits to recover their losses [9][10]. Group 2: Victim Accounts - Victims reported significant losses, with one elderly client discovering only 8.8 yuan remaining from 140 million yuan in savings [4][7]. - Another victim, Lili, found that her 780,000 yuan had been reduced to 4,519 yuan after unauthorized transactions [5][6]. - Multiple victims expressed trust in Wang, who had built strong relationships with them, leading to a lack of oversight on their accounts [7][8]. Group 3: Financial Misconduct - Wang's actions included transferring funds to unknown accounts and borrowing approximately 10 million yuan from acquaintances, promising high returns [8][9]. - Reports indicate that at least 12 accounts had over 10 million yuan transferred without the owners' knowledge, with the highest single loss reported at 2.65 million yuan [8][9]. Group 4: Regulatory Response - The local financial regulatory body stated that it could not confirm any violations of banking regulations following the incident [9]. - The police indicated that due to the suspects' deaths, they could not proceed with criminal charges, advising victims to seek civil remedies [10].

Core Viewpoint - The Federal Reserve has informed Citigroup that it has terminated a formal notice requiring the bank to address deficiencies in its trading risk management, marking a significant step in resolving long-standing regulatory and control issues for the third-largest bank in the U.S. [1] Group 1: Regulatory Notifications and Issues - The Federal Reserve had previously issued a notice to Citigroup at the end of 2023, requiring the bank to address three "matters requiring immediate attention" (MRIA) related to the calculation and management of counterparty risk and capital reserves for potential losses [1][2] - One MRIA specifically required Citigroup to improve its data management and governance regarding capital reserves for counterparty credit risk, which is essential for determining the amount of capital needed to mitigate potential losses [2] - Other MRIA issues included the use of proxy indicators for calculating counterparty credit risk when data is unavailable and governance deficiencies related to unclear responsibility among various legal entities within the bank [2] Group 2: Historical Regulatory Challenges - Citigroup has been dealing with significant regulatory penalties over the years, including two penalties stemming from a $9 billion erroneous transfer to a creditor of Revlon in 2020, which necessitated improvements in the bank's control measures [3] - In 2024, the Federal Reserve and the Office of the Comptroller of the Currency imposed a fine of $136 million on Citigroup for failing to improve data governance and quality [4] - The bank's CFO recently stated that significant progress has been made in addressing these issues, aligning with earlier comments from the CEO regarding the transformation efforts [4]