Information Collection: Announcement of Board Approval under Delegated Authority and Submission to OMB (FRB Notice - Fed. Reg. Version)
According to these estimates, large banks are going to have to spend some serious time collecting information. If we assume, as is sometimes the case, that the time estimates are understated, one can see some of the reason why banks' expenses will rise.
Cross-Reference(s): Dodd-Frank Section 165 (enhanced supervision and prudential standards for nonbank financial companies supervised by the Board of Governors and certain bank holding companies).
View notice in full here (links externally to GPO website).