Bloomberg News

Fed Extends Comment Period on Dodd-Frank Prudential Standards

March 02, 2012

The Federal Reserve extended the comment period on a proposed rule to implement “enhanced prudential standards and early remediation requirements” under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Fed extended the comment period to April 30 from March 31, according to a Fed statement today in Washington.

The proposed rule, published in January, focuses on capital, liquidity, single counterparty credit limits, stress testing, risk management and early remediation requirements.

The Fed said it extended the comment period to “allow interested persons more time to analyze the issues and prepare their comments.”

To contact the reporter on this story: Joshua Zumbrun in Washington at jzumbrun@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net


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