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In a speech earlier this month, Michelle W. Bowman, a Governor at the US Federal Reserve Board, discussed the evolving nature of banking, bank culture, and bank runs.

"Given the recent banking system stress many are welcoming a fresh look at whether the Dodd-Frank era changes to the financial system and the approach to supervision and regulation have kept pace with the evolving nature of banking, the evolving culture of banking, and how the risks of bank runs today have evolved to be meaningfully different from what we've seen in the past," she said.

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