Federal Reserve Board announces public comment period has been extended through November 30, 2017, on two related proposals; enhance effectiveness of boards of directors at banks and new rating system for large firms

October 5, 2017

On Thursday, October 5, 2017, the Federal Reserve Board extended the comment periods for its proposal to enhance the effectiveness of boards of directors, as well as its related proposal to implement a new ratings system for large financial institutions that would be aligned with the post-crisis supervisory program. The new deadline is November 30, 2017,