Fed's Bies on Basel II and commercial real estate

In testimony 'Basel II and commercial real estate' given on 14 September Susan Schmidt Bies of the Federal Reserve said banks need to guard themselves against taking on too many commercial real-estate loans, and defended regulators' risk-management proposals in light of concerns expressed by some banks.

"Investment in [commercial real estate] is again growing strongly, and we expect banks to assess the vulnerabilities of their portfolios to loss in expectation of the next downturn," Bies said in

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