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Later deadline proposed for big-bank stress tests

WASHINGTON — U.S. banks with $10 billion to $50 billion in assets may get more time to institute internal stress testing required by the Dodd-Frank Act, U.S. banking regulators said last week.

The regulators proposed rules in December and January to require holding companies under the Federal Reserve and national banks under the Office of the Comptroller of the Currency to start self-testing their portfolios against adverse scenarios annually. The proposals, which initially called for banks to conduct tests this year, may be revised with a September, 2013, deadline, the regulators said in coordinated statements.

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