The Federal Reserve plans to implement new reporting rules for banks lending to private credit.

According to the speech prepared by Bowman for delivery at the annual monetary policy conference at the Hoover Institution at Stanford University in California on Friday, she stated: "This update requires large banks to report relevant financial information about the non-deposit financial institutions to which they provide credit, including total assets, net profit, and leverage ratio, in order to analyze credit underwriting and conduct ongoing risk assessment." Expand