Fed extends comment period on capital buffer rule

January 29, 2016 3:00 PM

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Fed extends comment period on capital buffer rule

WASHINGTON The Federal Reserve has extended the comment period for its proposal on how much capital banks should hold as a buffer against a major credit meltdown, it said on Friday.

The central bank said the public now has until March 21 to comment on the proposal. Initially, comments were due by Feb. 19.

Also read: ECB relaxes rule of bond lending to avoid repo squeeze

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