In both our supervisory and regulatory practices, we are pursuing a tiered approach to prudential oversight. Regulatory differentiation in the Dodd-Frank Act Traditionally, statutes creating prudential regulatory requirements or authorities generally took what might be termed a unitary approach.
In April 2008, the International Monetary Fund (IMF) estimated that declining US house prices and rising delinquencies on mortgage payments could lead to aggregate losses related to the residential mortgage market and related securities of about USD565 billion, including the expected deterioration of prime loans.