The Federal Reserve's new top regulatory official on Friday laid out an ambitious agenda for revisiting and easing numerous bank rules and oversight policies which she argued have become onerous and unnecessary.

Michelle Bowman, the Federal Reserve’s incoming vice chair for supervision, says the central bank will soon address the “odd mismatch” between the confidential ratings of big banks and the lenders’ financial conditions.

Michelle Bowman, President Donald Trump’s nominee to be the top bank regulator at the Federal Reserve, has been confirmed by a full Senate vote. The Senate voted 48-46 on Wednesday evening to approve Bowman’s nomination to be the Fed’s vice chairwoman for supervision.