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FDIC Extends Stress Test Comment Period
The Federal Deposit Insurance Corp. (FDIC) decided to extends the comment period on a proposal to implement the requirements in Section 165 of the Dodd-Frank Act (covers risk governance, risk measurement, risk disclosure, risk-based capital and risk control) to require state, nonmember banks and savings associations with more than $10 billion in consolidated assets to conduct annual stress tests. The comment period will conclude on April 30; it was originally set to conclude today.
"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," says the FDIC.