US regulators extend structured product proposal response period
The five leading US federal agencies have agreed a 30-day extension to the comment period on their proposals for sound practices covering complex structured finance activities.
The public comment period will now end on July 19.
Financial institutions have criticised the proposal – backed by the Federal Reserve, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, the Federal Deposit Insurance Corporation and the Office of Thrift Supervision – as overly restrictive.
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