**[Federal Reserve Governor Bowman Calls for Easing Bank Regulations to Address Competition from Non-Traditional Institutions]** Golden Finance reports that Federal Reserve Governor Bowman stated that although the banking system remains robust, it is crucial to provide traditional lending institutions with the tools and flexibility for "effective competition." In a prepared statement for the Senate Banking Committee hearing, Bowman mentioned: "The share of non-bank financial institutions in the total loan market continues to grow, posing strong competition to regulated banks, while these institutions are not subject to the same capital, liquidity, and other prudential standards." Regulatory agencies during the Trump era recently relaxed post-crisis rules, following complaints from the banking sector that excessive regulation had marginalized them amid the rapid growth of the private credit industry. (Jin10)