The Federal Reserve has released a supervision manual for large banks, with the aim of increasing transparency

The Federal Reserve has released a handbook for supervisors of large banks in a move to reshape the system of bank supervision and increase transparency. "By increasing regulatory transparency, we are holding ourselves to a high standard and ensuring that we perform our duties in an appropriate and fair manner," Michelle Bowman, the Fed's vice-chair for regulatory affairs, said in a statement on Thursday. The move comes after some Republican lawmakers called for an end to a practice that critics say is unfair, namely factoring reputational risk into bank inspections. Regulators under the Trump administration have said they will no longer include reputational risk in bank inspections. The Fed is expected to release other documents next year, including handbooks on the operating committees of large banks and capital and liquidity planning.