The Basel Committee on Banking Supervision of the Bank for International Settlements revised its securitization framework for banks to reduce reliance on external ratings, and to better correlate risk weights to the quality of securitization exposure. (In general, the securitization framework establishes how much regulatory capital banks must apply against their securitized exposures.) This revision occurred a week after the Basel Committee found the United States “largely compliant” in its roll-out of the Basel capital framework for banks, but non-compliant in two specific categories, including its adoption of the securitization framework. The revisions are effective January 2018.