Fed's new board expectations guidance
Five key points from the Fed’s new board expectations guidance.
On August 3rd, the Federal Reserve (Fed) proposed for comment a new supervisory rating system to assess the safety and soundness of Large Financial Institutions (LFIs). This is the first change to the Fed’s supervisory rating system since the financial crisis, and aims to simplify and clarify the existing five-component supervisory assessment process by assigning ratings across three pillars: (1) capital, (2) liquidity, and (3) the effectiveness of governance and controls.
A publication of PwC's financial services regulatory practice