Federal Reserve Extends Comment Period on Proposed Rules for Oversight of Largest Banks and Systemically Important Nonbanks

Nonbank Supervision Federal Reserve

On March 2, the Federal Reserve Board extended from March 31, 2012 to April 30, 2012 the comment period on its proposed rules related to supervision and regulation of (i) all U.S. bank holding companies with assets of $50 billion or more, and (ii) nonbank financial firms designated as systemically important by the Financial Stability Oversight Council.