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Supervision and Regulation Letter
Large Financial Institution (LFI) Rating System
 
 
Citation:
SR 19-3
Agency:
Federal Reserve System
Type:
Supervision and Regulation Letter
Publish Date:
Feb 26, 2019
Keywords:
Source:
Attachment(s):
Citation:
SR 19-3
Agency:
Federal Reserve System
Type:
Supervision and Regulation Letter
Publish Date:
Feb 26, 2019
Keywords:
Source:
Attachment(s):
 

Summary

This letter provides an overview of the new rating system for the supervision of large financial institutions (LFIs). This 'LFI rating system' would replace the current bank holding company rating system (referred to as the 'RFI rating system') for these firms.2 See Attachment, Large Financial Institution Rating System.

The LFI rating system is designed to: (i) align with the Federal Reserve’s current supervisory programs and practices for LFIs; (ii) enhance the clarity and consistency of supervisory assessments and communications of supervisory findings and implications; and (iii) provide greater transparency to firms regarding the supervisory consequences of a given rating. The LFI rating system supports the Federal Reserve’s supervisory program for all LFIs, including the largest firms that pose the greatest risk to U.S. financial stability.

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