Federal Reserve Extends Comment Period for Detailing Conceptual Frameworks for Capital Standards
July 25, 2016 / Source: Federal Reserve Board
The Federal Reserve Board on Monday extended until September 16, 2016, the comment period for the advanced notice of proposed rulemaking (ANPR) detailing conceptual frameworks for capital standards that could apply to systemically important insurance companies and to insurance companies that own a bank or thrift.
The Board's ANPR presents one approach--called the consolidated approach--that would apply to systemically important insurance companies and a second approach--called the building block approach--for the supervised insurance companies that own a bank or thrift.
The Board extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by August 17, 2016.