U.S. Federal Reserve Board Announces Extension of Comment Period Until October 22, 2012 on Three Notices of Proposed Rulemaking on Current Capital Rules

Aug 8, 2012


The Federal Reserve Board on Wednesday announced the extension of the comment period until October 22, 2012, on three notices of proposed rulemaking that would revise and replace current capital rules.

The proposals by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency would implement the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and certain aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The comment period was extended to allow interested persons more time to understand, evaluate, and prepare comments on the proposals. Originally, comments were due by September 7, 2012.

Federal Reserve Board invites comment on three proposed rules intended to help ensure banks maintain strong capital positions — June 7, 2012

2012 Banking and Consumer Regulatory Policy