The Federal Reserve Board on Thursday extended until November 30, 2017, 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 Board extended the comment periods to allow interested persons more time to analyze the issues and prepare their comments. Comments on the proposal for boards of directors were originally due by October 10 and comments on the rating system proposal were originally due by October 16.
