Federal Reserve has released a supervisory manual for large banks, an initiative aimed at reshaping the banking regulatory system and increasing transparency. Michelle Bowman, Vice Chair for Supervision at the Federal Reserve, stated in a Thursday statement: "By enhancing regulatory transparency, we are holding ourselves to high standards and ensuring that we perform our duties in an appropriate and fair manner." Previously, some Republican lawmakers called for the cessation of a practice criticized as unfair, which involved considering reputational risk in bank examinations. Regulatory agencies during the Trump administration stated that they would no longer include reputational risk in bank examinations. The Federal Reserve is expected to release additional documents next year, including manuals on large bank operations committees as well as capital and liquidity planning.