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Fed extends comment period on proposed board-oversight rules
October 5, 2017 / 8:31 PM / 12 days ago

Fed extends comment period on proposed board-oversight rules

WASHINGTON (Reuters) - The Federal Reserve will on Thursday accept comments on proposed board-oversight rules through the end of November, extending the comment period by a few weeks, it said in a statement.

One of the proposed rules will “implement a new rating system for large financial institutions that would be aligned with the post-crisis supervisory program,” the Fed said.

Comments are due by Nov. 30.

Reporting By Patrick Rucker; Editing by Susan Thomas

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