Fed extends comment period for too-big-to-fail rule to Feb. 19

January 29, 2016 10:23 PM

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The Federal Reserve extended the comment period for its proposal to require so-called too-big-to-fail banks to hold minimum amounts of long-term debt, it said on Friday.

The central bank said the public now has until Feb. 19 to comment on the proposal. Initially, comments were due by Feb. 1.

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