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8/17/17 - Bill Lang on the New Fed Proposal for Boards of Directors

Promontory Managing Director Bill Lang was quoted in a Wall Street Journal article about a new Fed proposal for bank boards of directors.

The guidance “is focusing on what the expectations are and should be for bank directors, not lowering the standards,” said Lang, who previously worked at the Federal Reserve Bank of Philadelphia for 13 years, where he led the supervision of banking organizations. “The expectations, particularly for large banks, are still going to be quite high,” he added.

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