The Federal Reserve Board on Thursday extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies.
The proposed rule would establish a methodology to identify whether a firm is a global systemically important banking organization and would also establish the size of a firm's risk-based capital surcharge. The proposal is designed to further strengthen the capital positions of these institutions.
The Board extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 2, 2015.
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