Agencies extend comment period on megabank debt proposal

Federal banking regulators extended the comment period on their long-term debt proposed rule for large banks until Jan. 16, 2024. Comments on the proposal were originally due by Nov. 30.

Details: The agencies extended the comment period to allow interested parties more time to analyze the issues and prepare their comments.

ICBA View: ICBA has commended regulators for targeting proposed capital and debt requirements to institutions over $100 billion in assets.