This story appeared in Bank Digest.
The Federal Reserve Board has extended until Sept. 16, 2016, the comment period for the advanced notice of proposed rulemaking detailing conceptual frameworks for capital standards that could apply to systemically important insurance companies and to insurance companies that own a bank or thrift. Comments had previously been due by Aug. 17, 2016.
The ANPR, which was approved by the Fed at its June 3, 2016, meeting, and published in the June 14, 2016, Federal Register, seeks comments on the Building Block Approach and the Consolidated Approach that would be used to establish regulatory capital requirements for supervised insurance institutions.
In its notice extending the comment period, the Fed said that given "the range and complexity of the issues addressed in the ANPR," an extended comment period "allow[s] interested persons additional time to analyze the proposal and prepare their comments."