With Comments In, Fed Considering Changes to ‘Well Managed’ Qualifications

The Federal Reserve Board of Governors (the Fed) is weighing changes to its ratings approach for assessing large financial institutions’ safety and soundness. If it adopts the proposed guidelines, banks will no longer need satisfactory ratings in all three of the components comprising the review framework to receive the Fed’s coveted “well managed” rating. 

This summer the Fed published a proposal to revise its Large Financial Institution Rating System (LFI…