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Fed Board finalizes LFI framework revision, broadens “well managed” status

Michelle Bowman
Michelle Bowman. Photo: AI Drago/Getty Images

Final notice aligns with proposed revisions aiming to better represent a bank’s strength and resilience.

On November 5, the US Federal Reserve Board released a notice finalizing its revisions for the Large Financial Institution rating system (LFI framework) as well as its rating system for “depository institution holding companies significantly engaged in insurance activities” (Insurance Supervisory Framework).

The board highlighted several changes in this final revision.

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