Regulators took their first step this week toward drafting new rules that would require lenders to retain some risk before selling loans into the secondary market.

In a study released late Tuesday, the Federal Reserve Board outlined eight recommendations regulators should use as they jointly draft regulations over the next six months, including considering the potential effect of risk retention on smaller institutions, weighing the different asset classes and securitization structure and considering the relevant accounting treatment and regulatory capital requirements as they apply to retention.

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