Sarah Bloom Raskin: Problems in the mortgage servicing industry Remarks by Ms Sarah Bloom Raskin, Member of the Board of Governors of the Federal Reserve System, at the National Consumer Law Center’s Consumer Rights Litigation conference, Boston, Massachusetts, 12 November 2010. *  *  *  Good afternoon.
Indeed, where regulatory and economic capital are more closely aligned, I expect that this will have a levelling effect on the playing field by eliminating any competitive distortions caused by Basel I. In addition, as is currently the case, I expect that banks’ decisions will be driven more strongly by assessments of risk and return than by regulatory capital considerations.