Bloomberg reported that U.S. regulators won’t hold banking companies to a January 1 deadline they wrote into proposed rules for boosting the reserves lenders must hold against potential losses.

The article noted that the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency “do not expect that any of the proposed rules would become effective” at the start of next year, as they continue weighing views expressed during the comment period, citing a joint statement.

To read the Bloomberg article click here.