Press Release
November 22, 2023
Agencies extend comment period on proposed rule to require large banks to maintain long-term debt
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For release at 10:00 a.m. EST
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Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their long-term debt proposed rule to improve the resolvability of large banks and enhance financial stability. The agencies extended the comment period to allow interested parties more time to analyze the issues and prepare their comments.
Comments on the proposal were originally due by November 30.
Federal Register notice: Long-Term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions; Extension of Comment Period
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Federal Reserve (2023, November 21). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20231122_agencies_extend_comment_period_on_proposed_rule
@misc{wtfs_press_release_20231122_agencies_extend_comment_period_on_proposed_rule,
author = {Federal Reserve},
title = {Press Release},
year = {2023},
month = {Nov},
howpublished = {Press Releases, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/press_release_20231122_agencies_extend_comment_period_on_proposed_rule},
note = {Retrieved via When the Fed Speaks corpus}
}