WASHINGTON, Nov. 17 -- Federal Reserve System has issued a notice called: Revisions to the Large Financial Institution Rating System and Framework for the Supervision of Insurance Organizations.
The notice was published in the Federal Register on Nov. 17 by Michele Taylor Fennell, Associate Secretary of the Board.
Summary: The Board is adopting a final notice to revise its Large Financial Institution (LFI) rating system (LFI Framework) and the rating system for depository institution holding companies significantly engaged in insurance activities (Insurance Supervisory Framework, together with the LFI Framework, Frameworks) to more appropriately identify as "well managed" firms that have sufficient financial and operational strength and r...