WASHINGTON (MarketWatch) -- Federal regulators on Wednesday moved for a second time to lengthen a comment period and delay adoption of a proposal seeking to ensure big bank derivatives-trading institutions have enough capital to survive future major credit crunches. Five federal agencies, including the Federal Reserve, are allowing banks and others until November 26 to comment on a proposal seeking to set up margin and capital requirements for so-called "swaps-dealers" or "major swap participants" including major U.S. banks. The agencies proposed the rule, required by the post-crisis Dodd-Frank Act, in April, 2011. In June, 2011 the agencies extended the amount of time interested groups had to comment on the proposal until July 11, 2011, a deadline that was in place until the extension announced Wednesday. The agencies said that the extension was put in place to give interested groups more time to consider the proposal and how it relates to a global bank derivatives capital requirement also under consideration.
