The Federal Deposit Insurance Corp. heard feedback Monday from private-equity players on the agency's controversial standards for failed-bank investments.

The nonpublic meeting was part of the FDIC's plans to assess the impact of the private-equity guidelines six months after their issuance. The rules have drawn heavy criticism from investors who say the policy is too onerous, and blame it for the dearth of failed-bank deals involving private equity.

In a press release Tuesday, FDIC Chairman Sheila Bair called the meeting "useful to help guide the FDIC's ongoing review of the statement of policy."

The standards, finalized in August, include a capital ratio of at least 10% for firms that take a significant piece of a failed bank, a minimum three-year period for investors to hold their stakes and a requirement that investment teams provide extra support to the FDIC if they own large portions of multiple institutions.

The meeting included banking attorneys with private-equity clients, investment bankers, fund managers, representatives of pension funds, consumer advocates, union leaders and bank trade association representatives.

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