US-based Basel opponents cry "foul" on commercial real estate
Small and medium-sized US banks will be hit hard by the treatment of commercial real estate under the proposed revisions to the Basel Accord, according to Sarah Moore, chief operating officer of the Colonial Bank Group, a regional US bank, at Congressional hearings on February 27.
Moore said that she believed that “as drafted, Basel II will lead to a loss of credit opportunities in the real estate sector, since the Accord treats lending to this area in an unreasonably disparate manner. It is foreseeable that, as a result, financial institutions will divert their
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