Another Basel Buzzsaw

As we noted earlier today, global regulators are rethinking their 2015 decision not to require an express capital charge for interest-rate risk, a shift with significant implications for the role of U.S. banks as mortgage lenders and investors.  It will take if the U.S. decides on an express capital charge, but near-term developments promise immediate fixes to interest-rate and duration risk with significant strategic impact.

GSE-041323.pdf