On March 2, 2012, the Federal Reserve Board (FRB) extended the comment period for its proposed rules implementing enhanced prudential standards for systemically significant financial institutions (SSFIs). The implementation of these rules is required under section 165 of the Dodd-Frank Act. The FRB attributed this extension to the range and complexity of the issues addressed in the proposed rules.

To learn more about these rules, see Legal Update, Federal Reserve Board Issues Rules for Systemically Significant Financial Institutions. For more information on the framework of the regulation of SSFIs, see Practice Note, Summary of the Dodd-Frank Act: Regulation of Systemically Significant Financial Institutions.