The Federal Reserve, FDIC and Comptroller of the Currency announced Friday the three agencies have postponed the Jan. 1, 2013 effective date for proposed rules that would force banks to comply with Basel III rules.

In a release, the agencies said the volume of comments received during the comment period and wide range of views expressed, as well as concern by bankers they couldn't necessary changes in time, influenced the decision. A new effective date was not announced.

“As members of the Basel Committee on Banking Supervision, the U.S. agencies take seriously our internationally agreed timing commitments regarding the implementation of Basel III and are working as expeditiously as possible to complete the rulemaking process. As with any rule, the agencies will take operational and other considerations into account when determining appropriate implementation dates and associated transition periods,” the release said.