Federal Reserve Board announces its denial of two rulemaking petitions due to legal and policy considerations
May 17, 2024
Federal Reserve Board announces its denial of two rulemaking petitions due to legal and policy considerations
For release at 2:30 p.m. EDT
The Federal Reserve Board on Friday announced its denial of two rulemaking petitions due to legal and policy considerations. The first petition asked the Board to develop a framework requiring Board-supervised firms to disclose promised financial commitments to certain corporate initiatives, and the second asked for revisions to the Uniform Financial Institution Rating System framework and adjustments to the framework for financial holding company eligibility.
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