The ""Federal Reserve"":http://www.federalreserve.gov/ said Monday that it may delay rules under Dodd-Frank related to stress tests for big banks until next year.
[IMAGE]According to a release, the change would hold off on implementation until September 2013, giving some elbow room to banks, state member banks, and savings and loans institutions
[COLUMN_BREAK]with anywhere between $10 billion and $50 billion in total assets.
The move follows a December 2011 rulemaking proposal to green-light rules and procedures for stress tests under Dodd-Frank.
Why delay? According to the Fed, ""[a] number of commenters on the proposal raised concerns about the proposed timing of compliance with the company-run stress test requirements,"" with worries that institutions may lack ""the resources, readiness, and ability to conduct stress tests"" between proposal and publication of the rule.
""The delay under consideration would help ensure that these companies have sufficient time to develop high-quality stress testing programs,"" the Fed said.
The Fed isn't alone. Agencies consulting with it include the ""Office of the Comptroller of the Currency"":http://www.occ.treas.gov/ and the ""FDIC"":http://www.fdic.gov/.
The central bank said that it would soon release additional details about the rules for stress tests, but declined to say when.