US regulators say do not see capital rules taking effect Jan. 1

Fri Nov 9, 2012 9:39am EST

Nov 9 (Reuters) - U.S. bank regulators do not expect new capital requirements that were proposed as part of an international agreement to take effect on Jan. 1, 2013, three agencies said on Friday.

The Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency said the delay was due to the volume of comments submitted in response to rules the agencies proposed in June to implement the Basel III agreement.