Wall Street Risk Rule Open To Comments For Another Month

Law360, Washington (March 2, 2012, 4:40 PM EST) -- The public will have another month to weigh in on a proposed rule to implement stricter risk standards and early remediation requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including new thresholds for bank capital and liquidity, the Federal Reserve Board said Friday.

The comment period on the rule, which was originally due to close March 31, is now being extended to April 30, the Fed said. Extra time is warranted given “the range and complexity of the issues addressed in the rulemaking,”...
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