Federal Reserve Board Extends Comment Periods for Two Supervisory Proposals

Shearman & Sterling LLP
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Shearman & Sterling LLP

The US Board of Governors of the Federal Reserve System announced an extension of the comment period for two significant proposals that are currently out for comment. One proposal concerns guidance on supervisory expectations for boards of directors, and the other concerns a new large financial institution supervisory rating system. The comment period for both proposals had been previously extended through November 30, 2017, but will now remain open through February 15, 2018.

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