Risk Managers Warn on Proposed Leverage Ratio, Mortgage Servicing Rules

"The US-based Risk Management Association (RMA), a trade group that pushes sound practices in financials, said that recent proposed rules from the Basel Committee on Banking Supervision — that are designed to strengthen banks ability to operate smoothly — may in fact have the opposite effect once in practice. Furthermore, defining the wording around mortgage servicing rights practices under the new requirements remains unclear."