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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Mortgage-related assets: capital requirements vary depending on type of asset: report to the Chairman, Committee on Banking, Housing, and Urban

Mortgage-related assets: capital requirements vary depending on type of asset: report to the Chairman, Committee on Banking, Housing, and Urban

Office, U. S. Government Accountability

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General Reference

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ISBN10: 1973716216
ISBN13: 9781973716211
Publisher: Createspace
Published: Jul 19 2017
Pages: 36
Weight: 0.24
Height: 0.07 Width: 8.50 Depth: 11.02
Language: English
During the 2007-2009 financial crisis, many banking organizations lacked capital of sufficient quality and quantity to absorb substantial losses on mortgages and mortgage-related assets, revealing these assets to be riskier than previously thought. In response to the crisis, banking regulators around the world moved to strengthen requirements for capital adequacy. In the United States, the Dodd-Frank Wall Street Reform and Consumer Protection Act introduced, among other things, new capital requirements for bank holding companies and savings and loan holding companies. Internationally, in December 2010 the Basel Committee on Banking Supervision (which had issued the Basel I and Basel II frameworks) issued the Basel III framework-a comprehensive set of reforms to strengthen global capital and liquidity standards-with the goal of promoting a more resilient banking sector. Under this framework, banks apply risk weights to different assets to determine the amount of capital they need to meet regulatory requirements.GAO was asked to explain how capital requirements for a mortgage depend upon how it is financed and how the requirements have changed since the crisis. This report examines the risk weights for residential mortgages and certain other mortgage-related assets under the U.S. Basel III-based rule and how they compare to those in effect

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