Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies, 13513 [2012-5522]
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Federal Register / Vol. 77, No. 45 / Wednesday, March 7, 2012 / Proposed Rules
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Done at Washington, DC, on March 5,
2012.
Alfred V. Almanza,
Administrator.
[FR Doc. 2012–5656 Filed 3–5–12; 4:15 pm]
BILLING CODE 3410–DM–P
FEDERAL RESERVE SYSTEM
12 CFR Part 252
[Regulation YY; Docket No. 1438]
RIN 7100–AD–86
Enhanced Prudential Standards and
Early Remediation Requirements for
Covered Companies
Board of Governors of the
Federal Reserve System (Board).
ACTION: Proposed rule; extension of
comment period.
AGENCY:
On January 5, 2012, the Board
published in the Federal Register a
notice of proposed rulemaking for
public comment to implement the
enhanced prudential standards required
to be established under section 165 of
the Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank
Act or Act) and the early remediation
requirements established under section
166 of the Act.
Due to the range and complexity of
the issues addressed in the rulemaking,
the Board has determined that an
tkelley on DSK3SPTVN1PROD with PROPOSALS
SUMMARY:
VerDate Mar<15>2010
16:53 Mar 06, 2012
Jkt 226001
extension of the end of the public
comment period from March 31, 2012,
until April 30, 2012, is appropriate. This
action will allow interested persons
additional time to analyze the proposed
rules and prepare their comments.
DATES: Comments on the proposed rule
must be received on or before April 30,
2012.
ADDRESSES: You may submit comments
by any of the methods identified in the
proposed rule.1 Please submit your
comments using only one method.
FOR FURTHER INFORMATION CONTACT:
Molly E. Mahar, Senior Supervisory
Financial Analyst, (202) 973–7360,
Division of Banking Supervision and
Regulation; or Laurie Schaffer, Associate
General Counsel, (202) 452–2272, or
Dominic A. Labitzky, Senior Attorney,
(202) 452–3428, Legal Division.
SUPPLEMENTARY INFORMATION: The
proposed rule was published in the
Federal Register on January 5, 2012,2
and would implement the enhanced
prudential standards required to be
established under section 165 of the
Dodd-Frank Act and the early
remediation requirements established
under section 166 of the Act. The
enhanced standards include risk-based
capital and leverage requirements,
liquidity standards, requirements for
overall risk management (including
establishing a risk committee), singlecounterparty credit limits, stress test
requirements, and a debt-to-equity limit
for companies that the Financial
Stability Oversight Council has
determined pose a grave threat to
financial stability.
In recognition of the complexities of
the issues addressed and the variety of
considerations involved with
implementation of the proposal, the
Board requested that commenters
respond to numerous questions. The
proposed rule stated that the public
comment period would close on March
31, 2012.3
The Board has received requests from
the public for an extension of the
comment period to allow for additional
time for comments related to the
provisions of the proposed rule.4 The
Board believes that the additional
period for comment will facilitate
public comment on the provisions of the
proposed rule and the questions posed
by the Board. Therefore, the Board is
1 See Enhanced Prudential Standards and Early
Remediation Requirements for Covered Companies,
77 FR 594 (Jan. 5, 2012).
2 Id.
3 Id.
4 See, e.g., Comment letters to the Board from The
Clearing House et al. (Jan. 25, 2012); and The
Geneva Association (Feb. 13, 2013).
PO 00000
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13513
extending the comment period for the
proposed rule from March 31, 2012 to
April 30, 2012.
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary under delegated authority, March
2, 2012.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012–5522 Filed 3–6–12; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Food and Drug Administration
21 CFR Chapter I
[Docket No. FDA–2012–N–0170]
Modernizing the Regulation of Clinical
Trials and Approaches to Good
Clinical Practice; Public Hearing;
Request for Comments
AGENCY:
Food and Drug Administration,
HHS.
Notification of public hearing;
request for comments.
ACTION:
The Food and Drug
Administration (FDA) is announcing a
2-day public hearing to obtain input
from interested persons on FDA’s scope
and direction in modernizing the
regulations, policies, and practices that
apply to the conduct of clinical trials of
FDA-regulated products. Clinical trials
are a critical source of evidence to
inform medical policy and practice, and
effective regulatory oversight is needed
to ensure that human subjects are
protected and resulting clinical trial
data are credible and accurate. FDA is
aware of concerns within the clinical
trial community that certain regulations
and policies applicable to the conduct
of clinical trials may result in
inefficiencies or increased cost and may
not facilitate the use of innovative
methods and technological advances to
improve clinical trial quality. The
Agency is involved in an effort to
modernize the regulatory framework
that governs clinical trials and
approaches to good clinical practice
(GCP). The purpose of this hearing is to
solicit public input from a broad group
of stakeholders on the scope and
direction of this effort, including
encouraging the use of innovative
models that may enhance the
effectiveness and efficiency of the
clinical trial enterprise.
DATES: Date and Time: The public
hearing will be held on April 23 and 24,
2012, from 8:30 a.m. to 4:30 p.m.
SUMMARY:
E:\FR\FM\07MRP1.SGM
07MRP1
]]>Agencies
[Federal Register Volume 77, Number 45 (Wednesday, March 7, 2012)]
[Proposed Rules]
[Page 13513]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-5522]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 252
[Regulation YY; Docket No. 1438]
RIN 7100-AD-86
Enhanced Prudential Standards and Early Remediation Requirements
for Covered Companies
AGENCY: Board of Governors of the Federal Reserve System (Board).
ACTION: Proposed rule; extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On January 5, 2012, the Board published in the Federal
Register a notice of proposed rulemaking for public comment to
implement the enhanced prudential standards required to be established
under section 165 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act (Dodd-Frank Act or Act) and the early remediation
requirements established under section 166 of the Act.
Due to the range and complexity of the issues addressed in the
rulemaking, the Board has determined that an extension of the end of
the public comment period from March 31, 2012, until April 30, 2012, is
appropriate. This action will allow interested persons additional time
to analyze the proposed rules and prepare their comments.
DATES: Comments on the proposed rule must be received on or before
April 30, 2012.
ADDRESSES: You may submit comments by any of the methods identified in
the proposed rule.\1\ Please submit your comments using only one
method.
---------------------------------------------------------------------------
\1\ See Enhanced Prudential Standards and Early Remediation
Requirements for Covered Companies, 77 FR 594 (Jan. 5, 2012).
FOR FURTHER INFORMATION CONTACT: Molly E. Mahar, Senior Supervisory
Financial Analyst, (202) 973-7360, Division of Banking Supervision and
Regulation; or Laurie Schaffer, Associate General Counsel, (202) 452-
2272, or Dominic A. Labitzky, Senior Attorney, (202) 452-3428, Legal
---------------------------------------------------------------------------
Division.
SUPPLEMENTARY INFORMATION: The proposed rule was published in the
Federal Register on January 5, 2012,\2\ and would implement the
enhanced prudential standards required to be established under section
165 of the Dodd-Frank Act and the early remediation requirements
established under section 166 of the Act. The enhanced standards
include risk-based capital and leverage requirements, liquidity
standards, requirements for overall risk management (including
establishing a risk committee), single-counterparty credit limits,
stress test requirements, and a debt-to-equity limit for companies that
the Financial Stability Oversight Council has determined pose a grave
threat to financial stability.
---------------------------------------------------------------------------
\2\ Id.
---------------------------------------------------------------------------
In recognition of the complexities of the issues addressed and the
variety of considerations involved with implementation of the proposal,
the Board requested that commenters respond to numerous questions. The
proposed rule stated that the public comment period would close on
March 31, 2012.\3\
---------------------------------------------------------------------------
\3\ Id.
---------------------------------------------------------------------------
The Board has received requests from the public for an extension of
the comment period to allow for additional time for comments related to
the provisions of the proposed rule.\4\ The Board believes that the
additional period for comment will facilitate public comment on the
provisions of the proposed rule and the questions posed by the Board.
Therefore, the Board is extending the comment period for the proposed
rule from March 31, 2012 to April 30, 2012.
---------------------------------------------------------------------------
\4\ See, e.g., Comment letters to the Board from The Clearing
House et al. (Jan. 25, 2012); and The Geneva Association (Feb. 13,
2013).
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary under delegated authority,
---------------------------------------------------------------------------
March 2, 2012.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012-5522 Filed 3-6-12; 8:45 am]
BILLING CODE 6210-01-P
