Not only are U.S. bank regulators going down the same new road as the Basel Committee on a ratings-driven approach to risk weightings, but the Americans may be going faster.

United States bank regulators are currently preparing a new proposed recourse rule that, similar to the June proposal from the Basel Committee, will feature a ratings-driven approach to mortgage- and asset-backed securities and commercial MBS, according to sources close to the process as well as Wall Streeters.

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