Federal Reserve

Comment period for proposal on capital banks’ buffer rule is extended. Reuters reported that the Federal Reserve extended the comment period for its proposal on how much capital banks should hold as a buffer against a major credit meltdown. Comments, which were originally due by February 19th, are now due on March 21st. The Countercyclical Capital Buffer, which would raise capital requirements for large banks when they face increased risks of losses, would then be available to help banks absorb shocks that are related to decreasing credit conditions. (1/29/2016) Reuters.