The Federal Reserve is opening 2012 with new moves for better governance of large businesses critical to the broader financial system—banks and non-banks alike.
The Fed proposed new rules Dec. 20 addressing stress tests, capital requirements, board oversight, and numerous other issues spelled out in the Dodd-Frank Act. They would apply to all U.S. bank holding companies with more than $50 billion in assets, plus any other non-bank financial firms (hedge funds, for example) designated as systemically important by the Financial Stability Oversight Council run out of the Treasury Department.
