Federal Reserve Board requests comment on proposed guidance that would clarify Board's superviso

Federal Reserve Board press release January 4, 2018 --------- The Federal Reserve Board on Thursday requested comment on proposed guidance that would clarify the Board's supervisory expectations related to risk management for large financial institutions.The guidance is part of a broader initiative to develop a new rating system for large financial institutions that will align with the post-crisis supervisory program. In August 2017, the Board invited comment on the proposed rating system, which would reflect assessments of a firm's capital, liquidity, and governance and controls. Also in August 2017, the Board issued a proposal identifying attributes of effective boards of directors. The supervisory expectations described in today's proposed guidance, as well as those for boards of directors, would help inform the Federal Reserve's overall supervisory evaluation of a firm's governance and controls. To get more in depth information click on the picture below to read the release.