Analysis Of The Fed’s Proposed Expectations For Boards

Law360, New York (August 10, 2017, 12:25 PM EDT) -- On Aug. 9, 2017, the Board of Governors of the Federal Reserve System published proposed guidance that would address supervisory expectations for boards of directors of banks and holding companies, as applicable.[1] The proposal results from a multiyear review of practices of boards of directors, particularly at the largest banking organizations, which assessed, among other things, factors that make boards effective, the many challenges boards face, and how boards influence the safety and soundness of their enterprises and promote compliance with laws and regulations. Findings from...
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