The U.S. Federal Reserve Board on Thursday requested comment on proposed guidance that would clarify the Fed’s supervisory expectations related to risk management for large financial institutions.

The guidance, “is part of a broader initiative” to bolster bank oversight and governance in the wake of the global financial crisis, the Fed says in a news release.

The proposed guidance would apply to large financial institutions, including U.S. domestic banks with at least US$50 billion in total assets, foreign banks with US$50 billion or more in combined U.S. assets, and, other financial firms designated by the Financial Stability Oversight Council.

The proposals are out for comment until March 15.