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U.S. Bank Regulators Delay Basel III Start

Jan. 1 deadline pushed back as regulators continue to weigh comments on proposed rules.

By Jesse Hamilton | Updated on November 09, 2012

U.S. regulators won’t hold banking companies to a Jan. 1 deadline they wrote into proposed rules for boosting the reserves lenders must hold against potential losses, they said today.

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency “do not expect that any of the proposed rules would become effective” at the start of next year, as they continue weighing views expressed during the comment period, they said in a joint statement.

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