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

U.S. 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, according to sources familiar with the proposal.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.