Banking Agencies Extend Comment Deadline on Proposal to Amend Capital Framework
The Federal Reserve Board, the OCC and the FDIC extended the comment deadline on proposed amendments that would substantially revise capital requirements for large banking organizations to be consistent with international capital standards issued by the Basel Committee on Banking Supervision. Comments are now due by January 16, 2024.
As previously covered, the proposed reforms would be implemented in accordance with the proposal’s transition provisions with a fully phased-in target date of July 1, 2028.
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