FDIC Extends Comment Period on Stress Test Proposal

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FDIC Extends Comment Period on Stress Test Proposal


FOR IMMEDIATE RELEASE
March 21, 2012Media Contact:
David Barr (202) 898-6992
Email: dbarr@fdic.gov


The Federal Deposit Insurance Corporation (FDIC) extended until April 30, 2012, the comment period on a proposal to implement the requirements in Section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to require state, non-member banks and savings associations with more than $10 billion in consolidated assets to conduct annual stress tests.
Due to the scope and complexity of the proposal, the FDIC decided to extend the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 23, 2012.
The proposed rule was approved at the January 17, 2012, FDIC Board meeting and was published in the Federal Register on January 23, 2012.
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Attachment:
FDIC Extension of Comment Period
http://www.fdic.gov/regulations/laws/fe ... ovdelivery