US regulators announced today that they will extend until January 16, 2024, the comment period on their large bank capital proposal to increase the strength and resilience of the banking system. The agencies extended the comment period to allow interested parties more time to analyze the issues and prepare their comments.
The Federal Reserve Board also extended the comment period until the same date for its proposal to modify the capital surcharge for the largest and most complex banks. Comments on both proposals were originally due by November 30.
Also today, the Federal Reserve Board launched a data collection to gather more information from the banks affected by the large bank capital proposal it announced earlier this year. When the proposal was announced, the Board indicated that it would undertake this supplemental data collection.
The additional data will further clarify the estimated effects of the proposal and inform any final rule, with summaries to be made public. The submission deadline for the data collection is January 16, 2024.