Fed proposes easing of large bank supervision

WASHINGTON, July 10 (Reuters) - The Federal Reserve on Thursday proposed easing how it supervises large banks by making it easier for them to be considered "well managed" and not subjected to additional limitations and scrutiny.

The proposal would adjust the Fed's supervisory framework for large banks, where supervisors grade banks on four separate criteria. Specifically, the proposed changes would make it easier for banks to obtain a "well managed" rating overall, by requiring deficiencies across multiple categories to be downgraded instead of just one, as is currently required.