On October 28, the Federal Reserve Board issued a final rule that amends the Regulation HH risk-management standards for companies that have been designated as systemically important by the Financial Stability Oversight Council and for which the Fed has standard-setting authority pursuant to Title VIII of Dodd-Frank. Key changes include establishing separate standards to address credit risk and liquidity risk, new requirements on recovery and orderly wind-down planning, a new standard on general business risk, a new standard on tiered participation arrangements, and increased requirements on transparency and disclosure. Release. Final Rule. Policy Statement.