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The Basel Committee on Banking Supervision recently published a consultative document titled, “Standards Revisions to the Standardised Approach for credit risk.” The proposal contained several provisions that would be harmful to commercial real estate if enacted. NAR signed onto a comment letter highlighting the potential challenges to commercial real estate and calling on the Committee to rethink its approach. The other signers of the letter included the Mortgage Bankers Association (MBA), the National Association of Real Estate Investment Trusts (NAREIT), and the Real Estate Roundtable, among others.
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