Regulators Extend Comment Period For Bank Capital Rules

Law360, New York (August 8, 2012, 6:55 PM EDT) -- Banking regulators on Wednesday extended the comment period for implementing increased capital requirements under the Basel III banking accords, giving small banks and other critics of the rules more time to push for a lighter touch on the upped standards.

The Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency said they will accept comments on the proposal until Oct. 22. The original deadline was Sept. 7.

"The comment period was extended to allow interested persons more time...
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