MBANow: Senior VP Steve O’Connor on Basel III Implementation Delay
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September 15, 2017
Recently, the Federal Reserve Board, OCC and FDIC issued a notice of proposed rulemaking that would pause Basel III implementation for certain assets, including mortgage servicing assets (MSAs), for institutions with less than $250 billion in total consolidated assets and less than $10 billion in total foreign exposures. MBA’s Senior Vice President of Public Policy and Industry Relations Steve O’Connor stopped by Inside the MBA to talk about the impact of the delay proposal and what MBA is doing next. For more information visit http://mba.org.